European Stocks Fall as Tech Weighs
European stocks traded in negative territory on Friday, with the STOXX 50 falling 0.7% and the STOXX 600 slipping 0.2%. The European technology sector joined a global sell-off following disappointing earnings from Amazon and Intel, reigniting concerns about the sustainability of the AI-driven rally. ASML Holding tumbled around 5%, while Infineon dropped 4% and STMicroelectronics declined 3.8%. Investors also kept a close eye on corporate earnings from European companies. AstraZeneca gained 2.8% after reporting better-than-expected results.
European stocks traded in negative territory on Friday, with the STOXX 50 falling 0.7% and the STOXX 600 slipping 0.2%. The European technology sector joined a global sell-off following disappointing earnings from Amazon and Intel, reigniting concerns about the sustainability of the AI-driven rally. ASML Holding tumbled around 5%, while Infineon dropped 4% and STMicroelectronics declined 3.8%. Investors also kept a close eye on corporate earnings from European companies.
AstraZeneca gained 2.8% after reporting better-than-expected results.