Stocks take a breather after Thursday's brutal tech-sell off drove Wall Street to its biggest drop in three months | Markets Insider

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Stocks take a breather after Thursday's brutal tech-sell off drove Wall Street to its biggest drop in three months

Technology stocks took a small breather after Thursday's brutal sell-off, which pushed US stocks to their biggest one-day loss in losses in three months.

The STOXX Europe 600 technology index — which comprises the likes of German software firm SAP, Dutch semi-conductor supplier ASML — and was up 0.2% at 581.23. Neil Wilson, chief market analyst at Markets.com, said:"European equities were dragged lower by the tech-induced sell-off on Wall Street yesterday but recovered in early trade on Friday morning. With sentiment rolling over in the big US names, any rally may prove to be a selling opportunity."

He added:"We'd been worried by spiking VIX futures whilst the market was making all-time highs and so it proved to be a red flag. The question longer term for this market is whether we should be confident earnings will recover."

 

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Big Tech Pullback, Stocks Slump & Jobless Claims by Squawk on the StreetSquawkStreet carlquintanilla jimcramer davidfaber SquawkStreet carlquintanilla jimcramer davidfaber SquawkStreet carlquintanilla jimcramer davidfaber Thanks for the jimcramer fake out.
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