--- title: "FTSE 100 closes 84 points higher as technology stocks rally and oil prices rebound" publisher: "Share Talk" author: "sharetalk" published: "2026-11-11T17:22:57+00:00" modified: "2026-11-11T17:22:57+00:00" date: 2026-11-11 canonical: "https://www.share-talk.com/ftse-100-closes-84-points-higher-as-technology-stocks-rally-and-oil-prices-rebound/" category: "Blogs" categories: ["Blogs", "Technology", "Technology, Media & Telecoms"] tags: ["AI", "AI bubble", "AI Infrastructure", "Artifical Intelligence", "ARTIFICIAL INTELLIGENCE", "Bank of England", "Cac", "chatGPT", "Corporate Debt", "Data Centers", "DAX", "dot-com bubble", "Financial Stability", "FTSE 100", "FTSE 250", "IBEX", "Index Funds", "INVESTING", "Kospi", "London stocks", "Market Crash", "MIB", "Nasdaq Composite", "Nikkei", "Nvidia", "Nvidia Stock Analysis", "OpenAI", "Passive Investing", "Retirement Savings", "Stock Market", "Tech Stocks", "Wall Street"] image: "https://i0.wp.com/www.share-talk.com/wp-content/uploads/2026/11/cd64779e-5172-4946-a768-e18602c3a761.png?fit=1727%2C911&quality=80&ssl=1" format: "news" language: "en-GB" --- # FTSE 100 closes 84 points higher as technology stocks rally and oil prices rebound **Published:** November 11, 2026 **Author:** sharetalk **Categories:** Blogs, Technology, Technology, Media & Telecoms **Tags:** AI, AI bubble, AI Infrastructure, Artifical Intelligence, ARTIFICIAL INTELLIGENCE, Bank of England, Cac, chatGPT, Corporate Debt, Data Centers, DAX, dot-com bubble, Financial Stability, FTSE 100, FTSE 250, IBEX, Index Funds, INVESTING, Kospi, London stocks, Market Crash, MIB, Nasdaq Composite, Nikkei, Nvidia, Nvidia Stock Analysis, OpenAI, Passive Investing, Retirement Savings, Stock Market, Tech Stocks, Wall Street **Featured image:** ![](https://i0.wp.com/www.share-talk.com/wp-content/uploads/2026/11/cd64779e-5172-4946-a768-e18602c3a761.png?fit=1727%2C911&quality=80&ssl=1) --- **London’s FTSE 100 closed higher on Wednesday, 11 November, as a strong recovery in US technology shares lifted investor sentiment, while rising oil prices supported energy companies despite renewed concerns over inflation and further interest rate increases.** The **FTSE 100 gained 83.88 points, or 0.8%, to finish at 10,835.47**, while the **FTSE 250 advanced 178.39 points, or 0.7%, to 24,925.04**. The AIM All-Share also strengthened, rising 0.6% to 764.29. European markets followed a similar pattern, with **Germany’s DAX climbing 1.2% and France’s CAC 40 gaining 0.7%**. Wall Street provided additional support, with technology stocks leading a recovery following recent volatility across artificial intelligence and semiconductor companies. Around the London close, **the Nasdaq Composite had surged 1.9%, the S&P 500 was 1.2% higher and the Dow Jones Industrial Average had gained 0.1%**. **CoreWeave shares jumped approximately 24%** after the AI cloud infrastructure provider reported stronger-than-expected third-quarter results, increased its financial guidance and sought to reassure investors about its ability to finance continued expansion. Chief Financial Officer Nitin Agrawal said the company remained confident in its ability to fund growth despite the challenging economic environment, emphasising its focus on financial discipline. The results provided a boost to sentiment towards AI infrastructure companies following concerns about the sustainability of substantial investment in data centres and computing capacity. **Semiconductor stocks rallied strongly, with Nvidia gaining 4.5%, Advanced Micro Devices rising 7.1%, Intel climbing 8.5% and Micron Technology surging 12%.** Investor interest was also supported by anticipation surrounding Anthropic’s forthcoming initial public offering, which is expected to take place next week. **London-listed technology companies benefited from the US rebound**, with **Computacenter climbing 4.7% to 4,928p and Polar Capital Technology Trust advancing 4% to 590p**. The rally came despite continued pressure from US monetary policy expectations after Tuesday’s stronger-than-expected inflation figures. **Federal Reserve officials have signalled that further interest rate increases may be necessary**, with Governor Christopher Waller suggesting a larger 50-basis-point increase could be justified if inflation continues accelerating. Dallas Federal Reserve President Lorie Logan indicated support for two relatively quick quarter-point increases, while other policymakers highlighted the persistence of underlying price pressures. **Goldman Sachs added another 25-basis-point increase to its forecast for March 2027**, alongside an anticipated December rise. The investment bank suggested that inflation could accelerate again early next year as companies adjust prices in response to higher operating costs. **The US dollar strengthened against major currencies**, with sterling falling to **$1.3284 from $1.3323** on Tuesday. The euro weakened to $1.1095, while the dollar climbed to ¥159.83 against the Japanese currency. US government bond markets were closed for Veterans Day. **Oil prices recovered as geopolitical tensions resurfaced**, with Brent crude rising to **$94.03 a barrel from $91.74** late Tuesday. The increase followed comments from Iranian security official Mohsen Rezaei threatening retaliation against US military bases, including those in Europe, if they were used to launch attacks against Iran. The remarks renewed concerns about possible escalation following recent optimism surrounding diplomatic efforts to end the conflict. **BP gained 2.7% to 567p, while Ithaca Energy advanced 2.1%**, benefiting from the recovery in crude prices. Among other FTSE 100 gainers, **Spirax Group climbed 3.6% to 7,620p** after maintaining its full-year guidance and reporting improved organic sales growth and adjusted operating profit margins. The industrial engineering company said performance during the four months to October had strengthened compared with the first half, while overall trading remained in line with expectations. In the FTSE 250, **Asos surged 6.9%** after Investec upgraded the online fashion retailer from hold to buy. **Funding Circle gained a further 6.8%**, extending Tuesday’s advance following its upgraded full-year revenue guidance. However, **Taylor Wimpey fell 4.5%** after warning that its annual adjusted operating profit was likely to finish at the lower end of market expectations. The housebuilder also reduced its completions outlook following a subdued autumn selling period, citing higher mortgage rates and continued pressure on affordability. **ITV declined 3.5%** after announcing an additional **£30 million cost-reduction programme** in response to weaker-than-expected advertising revenues. Chief Executive Carolyn McCall said advertising demand had deteriorated during the second half of 2026, reflecting economic uncertainty, competition from global streaming platforms and restrictions affecting certain food and drink advertising. The broadcaster’s outlook highlighted continuing pressure on traditional television advertising revenues. Elsewhere, **gold eased to $4,000.66 an ounce**, compared with $4,025.90 on Tuesday, as the stronger dollar and expectations of further US interest rate increases weighed on precious metals. In UK policy developments, Bloomberg reported that the Government was resisting proposals for automatic alignment with European Union financial services regulations as part of wider negotiations over closer economic cooperation. According to the report, British officials want to preserve the City’s regulatory independence while considering alignment in other sectors, including energy and agriculture.   --- **Original URL:** https://www.share-talk.com/ftse-100-closes-84-points-higher-as-technology-stocks-rally-and-oil-prices-rebound/ *Created by [WP Markdown Endpoint](https://wpmarkdownendpoint.com/)*