European Stocks Retreat as US Tech Selloff Thwarts Fresh Record

Europe’s benchmark index dropped on Friday, retreating from the edge of a record high as a selloff in US technology stocks weighed on global gauges.

The Stoxx Europe 600 declined 0.5%, reversing earlier gains. The index ended the session within just over 1% of its November closing record. Travel and leisure as well as utilities stocks outperformed, while banks and basic resources led declines.