FX.co ★ European Stocks Fall as Tech Weighs

European stocks traded lower on Friday, with the STOXX 50 down 0.7% and the STOXX 600 slipping 0.2%. The region’s technology sector was swept up in a global sell-off after disappointing earnings from Amazon and Intel reignited concerns about the durability of the AI-driven rally. ASML Holding dropped about 5%, Infineon fell 4%, and STMicroelectronics declined 3.8%. Investors also closely monitored corporate earnings across the continent. AstraZeneca rose 2.8% after reporting results that beat expectations.