European Stocks Plunge as Wall Street Trends Negative
Amsterdam, Brussels, Paris – European stock exchanges experienced widespread declines today, with meaningful losses across key sectors. The downturn mirrors early negative trends on Wall Street, where the S&P 500 fell 1.3 percent during European market hours. Investors are reacting to ongoing economic uncertainty and revised financial outlooks, impacting confidence in both established industrial firms and emerging technology companies.
The sell-off affected nearly all shares in Amsterdam, led by semiconductor company Besi, which plummeted 7.5 percent. Sector peers ASMI and ASML also suffered, declining 3.6 and 3.0 percent respectively, despite Bank of America maintaining a ‘buy’ rating for ASML while slightly lowering its price target from €755 to €724. In Paris, ArcelorMittal, Teleperformance, and Stmicroelectronics each lost between 3.5 and 3.8 percent, while Eurofins Scientific recorded the largest drop, falling 5.5 percent.
Brussels saw limited positive movement, with only Argenx managing a fractional gain of 0.03 percent. real estate companies faced considerable pressure, with Montea, Cofinimmo, WDP, and Aedifica reporting losses ranging from 2 to over 3 percent. The broad-based declines signal growing investor apprehension regarding the economic climate and potential headwinds for European businesses.
