STOXX 600 Overtakes S&P 500 as Tech Drags Europe — SkimNews
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- European stocks hit a fresh record as an AI unwind boosted the region, Bloomberg reported.
- Asian stocks braced for a selloff as the AI rout deepened in Bloomberg's Asia-focused market wrap.
- European shares fell as a tech selloff and weakness in defence stocks weighed on the market, Reuters said.
- STOXX 600 overtook the S&P 500 in year-to-date gains even as European stocks dropped on tech drag, Investing reported.
Why it matters: European investors gain a relative-performance edge: the STOXX 600 overtook the S&P 500 in year-to-date gains even as European shares fell on tech weakness. Asian investors face the more immediate pressure, with Bloomberg reporting that stocks were bracing for a selloff as the AI rout deepened.
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