FTSE 100 edges higher but US tech stocks wobble
The FTSE 100 edged higher on Tuesday, closing up 0.1% at 10,332.79, as investors weighed the Middle East crisis and reports that OpenAI missed internal targets for users and revenue. US tech stocks fell, with the Nasdaq Composite declining 1.4% after the report on OpenAI.
The FTSE 100 closed up 11.70 points, 0.1%, at 10,332.79 on Tuesday. Oil prices climbed as Qatar warned of a possible 'frozen conflict' in the Gulf, with Brent oil trading at $111.77 a barrel. The United Arab Emirates announced it will leave Opec and Opec+ groups next month. US tech stocks fell after a report said OpenAI missed internal targets for users and revenue. The Nasdaq Composite declined 1.4%, with Oracle, Advanced Micro Devices, and Nvidia falling 3.6%, 3.5%, and 2.1%, respectively. The Dow Jones Industrial Average was up 0.2%, while the S&P 500 was 0.8% lower.
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