Tech Leads Slide in European Stocks on Global Economy Jitters

Sept. 4, 2024, 12:44 PM UTC

European stocks fell as worries about the health of the global economy dented sentiment ahead of key US jobs data later in the week. Technology shares tumbled, tracking an overnight slide in Nvidia Corp.

The Stoxx Europe 600 Index was down 1.1% at 1:39 p.m. in London, a day after dropping by the most in almost a month. After underwhelming figures on US manufacturing in the previous session, data Wednesday showed China’s services activity expanded less than expected.

Nvidia shares tumbled 9.5% Tuesday, wiping out nearly $280 billion in the biggest loss of value ever for a US stock, as ...

Learn more about Bloomberg Law or Log In to keep reading:

See Breaking News in Context

Bloomberg Law provides trusted coverage of current events enhanced with legal analysis.

Already a subscriber?

Log in to keep reading or access research tools and resources.