Soothing words from Federal Reserve Bank officials helped settle investors’ fears last week, and U.K. & U.S. stock markets moved higher. The FTSE 100 was up and the Standard & Poor’s 500 gained 0.9 percent.
Lexington were delighted to see that U.K. stock markets finished the week – and the quarter – on a positive note!
The U.S. Federal Reserve’s accommodative monetary policy and strong profit growth helped provide the lift needed to propel the FTSE 100 to a 5-year high. The U.S. Dow Jones Industrials Index also finished the week above its previous record close. For the quarter, the FTSE 100 was up about 9 percent, the FTSE Small-Cap index was up about 11.3 percent, and the FTSE AIM index was up about 3.4 percent.
