Europe stocks drop on tech drag; STOXX 600 overtakes S&P 500 in YTD gains

Investing.com · Pranav Kashyap · 2026-11-06 08:10 UTC

Europe stocks drop on tech drag; STOXX 600 overtakes S&P 500 in YTD gains

Investing.com - European shares tumbled on Friday, with the benchmark STOXX 600 sliding 1.66% to hit an over one-week low in its steepest single-day drop since March, as a violent technology rout on Wall Street spilled across the Atlantic.

The sharp downturn wiped out the bulk of the week’s buoyant rally, leaving the pan-European index clinging to a 0.5% weekly gain after having brushed just shy of record highs just 24 hours earlier.

The reversal concluded a dizzying five-day sequence in which continental equities were buffeted by a historic 20% weekly plunge in crude oil benchmarks, the Bank of England’s first rate increase in three years, and an overhaul of legislative power in Washington.

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