FTSE 100 Index today: BP, Shell shares jump as most constituents slump

FTSE 100 tumbled for a third consecutive day to its lowest level since Jan 20, retreating over 7% from its high this year and edging toward a 10% correction from the year-to-date peak. The move reflects rising risk-off sentiment and increases the likelihood of further volatility if the 10% correction threshold is breached.

Analysis

FTSE 100 tumbled for a third consecutive day to its lowest level since Jan 20, retreating over 7% from its high this year and edging toward a 10% correction from the year-to-date peak. The move reflects rising risk-off sentiment and increases the likelihood of further volatility if the 10% correction threshold is breached.