Investing.com - European stock markets mostly weakened Tuesday, with sentiment hit by the overnight selloff of influential Big Tech stocks on Wall Street.Investors’ confidence has been hit Tuesday after the sharp losses to the Big Tech sector on Wall Street overnight, with the) bore a brunt of the selling, falling 6.7% and tumbling for a third straight session after it briefly became the most valuable company on Wall Street last week.
The Big Tech sector has been behind a lot of the gains on Wall Street over the last year or so, but the hefty gains have stirred concerns that the tech rally might be getting stretched.The European data calendar is largely empty Tuesday, with Spanish growth numbers for the first quarter the only data of significance.Geopolitics will also be on investors’ radar, with the first round of voting in France's snap elections looming this weekend.
For now, the far right's overtures to the markets have been effective in allaying fears about a lack of fiscal restraint, but this could easily change.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
South Africa South Africa Latest News, South Africa South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Wall Street hangs around its records after European stocks slumpU.S. stocks hung around their record levels as Wall Street remained relatively quiet after another slide in Europe
Source: latimes - 🏆 11. / 82 Read more »
Stock market today: Most of Wall Street rises, but Nvidia tumbles again as AI mania coolsAnother slide for Wall Street heavyweight Nvidia kept U.S. indexes mixed, even as the majority of stocks rallied.
Source: latimes - 🏆 11. / 82 Read more »
Stock market today: Asian shares lower after Wall Street closes another winning weekAsian shares are mostly lower after U.S. stocks coasted to the close of their latest winning week on Friday, even as Nvidia’s stock cooled further from its startling, supernova run.
Source: wjxt4 - 🏆 246. / 63 Read more »
Stock market today: Asian shares lower after Wall Street closes another winning weekAsian shares are mostly lower after U.S. stocks coasted to the close of their latest winning week on Friday, even as Nvidia’s stock cooled further from its startling, supernova run.
Source: ksatnews - 🏆 442. / 53 Read more »
Stock market today: Asian shares lower after Wall Street closes another winning weekAsian shares are mostly lower after U.S. stocks coasted to the close of their latest winning week on Friday, even as Nvidia’s stock cooled further from its startling, supernova run. U.S. futures and oil prices dropped. The yen weakened to 159.93 per dollar during morning trading. The S&P 500 slipped 0.
Source: AP - 🏆 728. / 51 Read more »