NEW YORK, May 24 — UK’s FTSE 100 slipped yesterday as the global mood soured due to bleak results from social media firm Snap Inc, while shares in Royal Mail slid after a brokerage downgraded the postal company.
The tech-heavy Nasdaq’s futures tumbled 2 per cent, pointing to sharp opening losses for Wall Street after Snap Inc said the economy had worsened faster than expected in the last month and slashed its quarterly forecast. Its shares 1SI.F were down about 35 per cent in Frankfurt trading.