FTSE 100 Rises 27 Points to 10,820 as Wall Street Tech Rally Boosts Market Sentiment

The FTSE 100 gained 27.62 points, or 0.26%, to 10,820.16 in late-morning trading on Friday, August 28, 2026. The index had touched an early high of 10,844.99 before giving back some gains. A technology-led rally on Wall Street overnight drove the risk-on tone across London markets.

Wall Street’s Tech Surge Sets the Tone

Nvidia jumped 8.7% to $227.98 after quarterly results reinforced expectations for continued AI infrastructure spending. The move added roughly $440 billion to Nvidia’s market value in a single session. Salesforce surged 22.6%, helping the Nasdaq Composite close 1.6% higher overnight.

• Nasdaq Composite: closed up 1.6%, led by Nvidia and Salesforce gains
• S&P 500: advanced 0.7% on broad technology-sector strength
• Dow Jones Industrial Average: rose 0.2%, a more modest overnight gain

The FTSE 100 closed Thursday down 85.58 points, or 0.8%, at 10,792.54, making Friday’s rebound notable.

At 8.22am – FTSE 100 +30 points at 10882 – London’s main index regains some poise early doors, having surrendered ground yesterday for dividends

— David Buik (@truemagic68) August 28, 2026

UK Business Confidence Adds Support

The Lloyds Business Barometer showed UK business confidence rising 4 points to 53% in August. That reading marks its highest level since March 2026, adding a domestic tailwind to Friday’s gains. Improving sentiment among UK businesses reinforced the risk appetite already flowing from Wall Street’s tech rally.

Mid-Cap and Junior Markets Outperform

The FTSE 250 (^FTMC) rose 51.78 points, or 0.21%, to 24,950.64 during the same session. The FTSE 350 and FTSE All-Share both advanced 0.25%, while the AIM UK 50 climbed 0.53% to 4,309.92.

• FTSE 250: up 0.21% to 24,950.64, tracking blue-chip gains
• AIM UK 50: gained 0.53% to 4,309.92, outperforming the broader FTSE 100
• McBride: jumped 16.01% to 194.2p on a strategic partnership with Vestacy

Individual Movers on the FTSE 100

BAE Systems dropped 1.34% to 2,064p, among the session’s weakest FTSE 100 performers. Housebuilder Barratt Redrow declined 1.13% to 315.9p, also lagging the broader index. Shell continued reshaping its portfolio, agreeing to sell its BG Cyprus unit to MOL Group for up to $720 million.

That Shell deal transfers its stake in the Aphrodite gas field as part of a wider LNG-focused capital strategy. Both index-level gains and individual stock moves reflected a market still digesting overnight tech-sector optimism.

What Comes Next for Markets

Attention now turns to US personal consumption expenditure inflation data due later Friday. Federal Reserve Chair Kevin Warsh’s Jackson Hole address remains the other closely watched event of the day. Any hawkish surprise from either release could quickly reverse the FTSE 100’s morning gains.

Closing Bell Watch

Friday’s FTSE 100 gain reflects genuine risk appetite following Wall Street’s tech-driven overnight rally. Domestic confidence data added further support, though the index gave back nearly half its early advance. Warsh’s Jackson Hole remarks this afternoon remain the key catalyst for the rest of the session.

Disclaimer:

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