FTSE 100 Hits Record High of 10,500 Amid Tech Rout and Oil Price Surge
ByAinvest
Thursday, Feb 5, 2026 4:27 am ET1min read
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The FTSE 100 rose to a record high of 10,402.34, a 0.9% gain, despite concerns about stocks vulnerable to AI. The rally was driven by gains in oil stocks such as Shell and BP, as well as a positive update from GSK. The FTSE 250 gained 0.2%, while the Nasdaq fell 1.3% and the S&P 500 dropped 0.3% in New York.
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