The FTSE 100 fell 0.4% on Tuesday, snapping a four-session winning streak, as Associated British Foods (ABF) shares dropped 3%. ABF reported adjusted operating profit of £1.508 billion for the fiscal year ended September 12, 2026, down 14% year on year, hit by weak consumer spending at Primark and a sharp slump in European sugar prices. Broader sentiment was also weighed by Apple's warning that memory chip costs would compress gross margins and Oracle's plan to raise $20 billion for AI and cloud infrastructure. Investors also remained cautious ahead of U.S. midterm elections, with all 435 House seats and 35 Senate seats contested, and the Bank of England's rate decision later this week.
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FTSE 100midterm electionsinterest ratesQQQSPYUK
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Related tickers and likely impact
QQQ
▼ Likely negativeInvesco QQQ Trust
Relevance: medium
| Market | US stocks |
|---|---|
| Sector | ETF |
| Close on 11/02/2026 | 681.13 |
| Change that session | -1.36% |
SPY
▼ Likely negativeSPDR S&P 500 ETF
Relevance: medium
| Market | US stocks |
|---|---|
| Sector | ETF |
| Close on 11/02/2026 | 752.10 |
| Change that session | -0.48% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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