14-Oct-2008
Story Timeline: 50 days
The FTSE 100 kept climbing this morning – up past the 4500-point mark and putting it on course to be one of its best ever daily performances. On the second day of its retreat from last week's meltdown, when the financial system seemed on the brink of the abyss, the blue-chip index reached a high of 4525.4. That was up 268.5 points and 6.3% - which would represent the fourth best one-day percentage gain ever – just behind the 7.9% rally after the October 1987 crash. The top two gains have taken place within the last month – the 8.8% rise on "Freaky Friday", September 19, and the 8.3% uplift recorded yesterday. All eyes will be on Wall Street later today – if the Dow Jones follows up on yesterday's record-breaking (in points) rally, the FTSE could be propelled yet higher. The biggest gainer of the day so far is Tullow Oil,...
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