Europe stocks close sharply lower as tech stocks lead losses; Dutch chip firm ASML falls 6%
Publishing timestamp: 2024-09-04 11:36:26
Summary
European stocks closed sharply lower, following losses in Wall Street and Asia-Pacific markets. Technology stocks led the losses, with Nvidia experiencing the biggest one-day market capitalization drop in U.S. history. The market is driven more by momentum and technicals rather than fundamentals, according to experts. Volvo Cars dropped after cutting its electrification targets, while Volkswagen is holding a tense townhall to discuss possible factory closures.
Sentiment: NEGATIVE
Tickers: ASML-NL, .FTMIB, .STOXX, 0AAK-GB, .FCHI, .FTSE, ASM-NL, NVDA, VLVOF, .GDAXI, VOW3-DE, VOW-DE, .N225, .SPX,
Keywords: london, ftse 100, united states, ftse mib, volvo car ab, business news, nvidia corp, dax, cac 40 index, asm international nv, world markets, asml holding nv, world economy, stoxx 600, s&p 500 index, volkswagen ag,