FTSE 100’s Broad Selloff: 90 Stocks Down, Only Oil Giants Shine

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‼️ 🇬🇧 FTSE 100 is on track for its worst weekly drop since April. The MSCI All Country World Index is off by 1.5% for the week. The biggest drag has been from heavyweight names like HSBC, Unilever and Rolls-Royce. But for the week, 90 stocks are down, so it’s broad weakness. Unsurprisingly, the only names to have fared well are Shell and BP, boosted by the jump in oil prices.