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FTSE 100 Live: Shares and pound climb as Starmer resigns, US stocks mixed

Markets Proactiveinvestors UK ✦ xCruzoAi 🇺🇸🇪🇸
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FTSE 100 Live: Shares and pound climb as Starmer resigns, US stocks mixed
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FTSE 100 futures turned positive as markets reacted to political change in the UK and a mixed U.S. session, with the FTSE 100 up 61 points to 10,424 and the pound strengthening. The report notes Keir Starmer resigning as prime minister, while markets also watch for Andy Burnham as a potential next leader in No 10. In the U.S., the Dow Jones was up 0.5% in early trade, the S&P 500 up 0.3%, and the Nasdaq down 0.1% as investors booked profits in technology. Big movers included Alphabet down over 3%, Amazon down 2.2%, Meta down 1.4%, and Microsoft down 1%. Oil and Fed expectations also influenced sentiment.

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