Heavyweight stocks lift Footsie from losing streak

HEAVYWEIGHT oil and financial stocks pushed forward yesterday to help the FTSE 100 Index end an eight-day losing streak.

A tentatively upbeat start on Wall Street further lifted trading, with the Dow Jones Industrial Average and tech-laden Nasdaq both up by London’s close.

That contradicted traders’ forecasts of a flat opening and helped spur on the FTSE 100 to close 49.9 points ahead at 3974.9.