European Stocks Hit Two-Week Low as Tech Shares Extend Selloff
Goldman's Gnodde Sees Huge Amount of Market Optimism
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European equity investors continued to flee this year’s high flyers on Friday -- and they showed little appetite to put their money to work elsewhere.
The Stoxx Europe 600 Index lost 0.7 percent, with almost all industry groups declining. A global rout in technology shares spilled into Europe this week, with the sector down about 4.5 percent since the close on Tuesday, on track for the worst three-day selloff since October 2016. Bank shares, which found bidders earlier this week in anticipation of a U.S. tax-bill breakthrough, dropped 0.7 percent after the vote was delayed.