S&P heads for worst week in three months as stocks face ‘reality check’

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Financial Times 13h ago

S&P heads for worst week in three months as stocks face ‘reality check’ - Financial Times

Quick Summary:

A fall of almost 20 per cent for Novo Nordisk dragged down the index, after the Danish drugmaker reported disappointing results from tests of its latest obesity drug.

The US Congress has to agree a deal by Friday night to keep the government open after the House of Representatives voted against a Trump-backed package that would also have suspended borrowing limits for two years.

UK markets have been rattled in recent weeks by a combination of slowing growth and stubbornly high inflation, which prompted the Bank of England to leave interest rates on hold on Thursday.