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FTSE 100 dips as Wall Street jitters offset corporate gains

The FTSE 100 retreated 0.2% to close at 10,867.89 points on Thursday, mirroring a broader downturn across Wall Street. While the blue-chip index struggled to maintain momentum, the midcap FTSE 250 defied the trend, logging its fourth straight day of gains to settle at 24,695.41 points amid a flurry of quarterly earnings.

FTSE 100 dips as Wall Street jitters offset corporate gains

Market sentiment remained tethered to a fresh wave of corporate results. Housebuilder Persimmon and advertising giant WPP posted figures that caught investor attention, providing a localized boost to trading sentiment. However, these gains were insufficient to shield the FTSE 100 from the weight of global market volatility, particularly as tech-heavy losses in New York cast a shadow over London's primary index. The divergence between the two indices highlights a cautious environment where specific company performance is currently battling against prevailing macroeconomic headwinds.

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