European Stocks Hit Two-Week Low Amid Tech Selloff and Earnings Woes
European shares fell to a two-week low due to a selloff in technology stocks and mixed earnings reports from major companies, including Novo Nordisk and BMW. The pan-European STOXX 600 index dropped by 0.3%, with technology being the hardest hit sector. Valuation fears resurfaced amid uncertainties in the U.S. economy.
European shares dipped to a two-week low on Wednesday, influenced by a significant selloff in technology stocks, which have been pivotal in recent global worries about equity overvaluation. Investors remained cautious following mixed earnings updates... [772 chars]
Published by: Devdiscourse
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