FTSE 100 recovery gains wiped out as stocks slide into the red - AOL UK
The FTSE 100 failed to hold on to its early gains on Friday, sliding back into the red. Top-flight stocks had moved back into positive territory earlier in the day as global stock markets tentatively recovered from a widespread sell-off. A day earlier, the FTSE 100 suffered its largest one-day drop since June after falling 1.9%. Neil Wilson, of Markets.com, had warned earlier on Friday that sentiment was still “fragile” and markets could be in for a “dead cat bounce”: a short-lived recovery after a substantial fall.