European Stocks Extend Drop Amid Tech Selloff Before Key US Data

-- European stocks declined for a second day, joining a global selloff amid concerns over tech earnings and economic growth, with traders awaiting key US jobs data later.While ‘Pod Save America’ Tries to Unite Democrats, Its Staff RebelsThe Stoxx 600 was 1.3% lower by 9:02 a.m. in London, led by the technology sector, as semiconductor stocks slumped after Intel Corp.’s plan to reduce capital expenditure. ASM International NV sank 7.8% and ASML Holding NV tumbled 5.3%.

The main regional benchmark is set for a weekly decline as it heads into what has typically been the weakest season of the year as August and September are generally the worst months for the index. The semiconductor sector in Europe may come under pressure during Friday’s trading following an extended slump among global tech stocks. Intel’s plan to reduce capital expenditures may weigh on chip equipment stocks, while Microchip’s weak guidance may impact chipmakers.M&A Watch Europe: BNP Paribas Talks With Axa; Ocado Bond SaleYou want more news on this market? Click here for a curated First Word channel of actionable news from Bloomberg and select sources.

The 42-year-old pop icon unleashed her autobiography, The Woman In Me, last year. The tome shone light on the singer's upbringing and rise to stardom and went on to include devastating details of the life she led while under a conservatorship for 13 years as an adult. Now it has been announced the star's life story will be turned into a film - with the director of Wicked attached to work on the project.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stock market today: Wall Street holds steadier a day after big drop in tech stocksNEW YORK (AP) — Wall Street is holding steadier following the worst day for big technology stocks since 2022. The S&P 500 was up 0.2% in early trading Thursday, and the Nasdaq composite was up 0.6%.
Source: SooToday - 🏆 8. / 85 Read more »

Stock market today: Asian stocks mostly fall, Euro drop on French election outcomeHONG KONG (AP) — Asian stocks mostly fell Monday, with the Euro dropping on the shock French election outcome, while U.S. stocks rose to more records Friday ...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Markets today: Stocks extend losses as worries go beyond AI frothA wave of earnings misses and worries about U.S. economic growth are driving losses across global markets, adding extra fuel to a selloff that was first sparked by traders pulling out of megacap tech.
Source: BNNBloomberg - 🏆 83. / 50 Read more »

Premarket: Global stocks extend record run, pound steady as U.K. votesU.S. holiday leads to thin trading
Source: globebusiness - 🏆 31. / 66 Read more »

Topix Joins Nikkei at Record High as Japan’s Stocks Extend Rally(Bloomberg) -- Japan’s Topix stock index powered past its bubble-era peak to a record high, as the buying momentum spread beyond a narrow set of stocks and...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Topix Joins Nikkei at Record High as Japan’s Stocks Extend RallyJapan’s Topix stock index powered past its bubble-era peak to a record high, as the buying momentum spread beyond a narrow set of stocks and underscored the firm foundations of the rally.
Source: BNNBloomberg - 🏆 83. / 50 Read more »