European markets open lower; tech stocks down 2.5% following declines on Wall Street

  • 📰 CNBC
  • ⏱ Reading Time:
  • 16 sec. here
  • 12 min. at publisher
  • 📊 Quality Score:
  • News: 45%
  • Publisher: 72%

World Economy Notícia

World Markets,FTSE MIB,CAC 40 Index

European stocks fell sharply at the open Wednesday, following steep losses on Wall Street Tuesday and in Asia-Pacific markets overnight.

Traders work on the floor at the New York Stock Exchange in New York City, U.S., August 30, 2024.index was 1.1% lower in early deals, with all sectors in the red. Technology stocks dropped 2.5% and autos and banks both shed 1.3%., with the S&P 500 clocking its worst day since the early August global rout.saw chip names come under pressure after two readings of U.S. manufacturing production implied slowing growth for the U.S. economy.

"To me, it's much more about momentum and technicals than it is about fundamentals at the moment, and that's frankly what led the market last month in that big crash and recovery that we saw. It's not individual, long-term, fundamental investors driving these markets anymore.

Resumimos esta notícia para que você possa lê-la rapidamente. Se você se interessou pela notícia, pode ler o texto completo aqui. Consulte Mais informação:

 /  🏆 12. in PT
 

Obrigado pelo seu comentário. Seu comentário será publicado após ser revisado.

Portugal Últimas Notícias, Portugal Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

Jim Cramer's top 10 things to watch in the stock market ThursdayWall Street looks to rebound after a losing session Wednesday driven by a pullback in Nvidia.
Fonte: CNBC - 🏆 12. / 72 Consulte Mais informação »