European Stocks Struggle to Build on US Tech Rally: Markets Wrap
- US futures steady in holiday trade after new record highs
- European stocks, bonds slip as France tensions linger
WATCH: The tech stocks "euphoria" can break one or two ways, Vanguard says.
Source: BloombergThis article is for subscribers only.
European stocks and US equity futures paused Wednesday as traders sought fresh catalysts to extend the latest tech-driven gains.
Contracts on the S&P 500 were steady in holiday-thinned trade, after the index hit its 31st record high of 2024, powered by another surge in artificial intelligence bellwether Nvidia Corp., now the world’s most valuable company. Nasdaq 100 futures advanced to a record high. The pan-European Stoxx 600 slipped 0.2% after two days of gains, while bond yields across the euro area edged higher.