European tech stocks take a hit amid US growth worries

Technology index fell 3.6% last week

clock • 3 min read
European tech stocks take a hit amid US growth worries
Image:

European tech stocks take a hit amid US growth worries

European stock markets experienced a sharp downturn on Friday amid growing concerns about a US recession.

The tech sector was particularly hard hit, with investors speculating that economic troubles in the US would expand to a global economic slowdown. As a result, major indices - and shares in key tec...

To continue reading this article...

Join Computing

  • Unlimited access to real-time news, analysis and opinion from the technology industry
  • Receive important and breaking news in our daily newsletter
  • Be the first to hear about our events and awards programmes
  • Join live member only interviews with IT leaders at the ‘IT Lounge’; your chance to ask your burning tech questions and have them answered
  • Access to the Computing Delta hub providing market intelligence and research
  • Receive our members-only newsletter with exclusive opinion pieces from senior IT Leaders

Join now

 

Already a Computing member?

Login

You may also like
China refuses to sign agreement on AI control of nuclear weapons

Threats and Risks

Global call to maintain human involvement in all nuclear related decisions

clock 12 September 2024 • 3 min read
UK signs AI agreement with EU and USA

Artificial Intelligence

'The first agreement with real teeth globally'

clock 05 September 2024 • 2 min read
Why do you need an AI PC strategy?

Artificial Intelligence

And how do you accelerate it once you have one?

clock 04 September 2024 • 2 min read
Most read
01
02

Teen arrested over TfL cyberattack

13 September 2024 • 3 min read
03

Ransomware targets London branch of China's ICBC

13 September 2024 • 2 min read

Sign up to our newsletter

The best news, stories, features and photos from the day in one perfectly formed email.

More on Finance

Nvidia stocks plummet 9.5% in one day

Nvidia stocks plummet 9.5% in one day

Wipeout of $279 billion a record single-day drop for a US company

Penny Horwood
clock 04 September 2024 • 1 min read
Tech stocks plunged in August amid concerns over AI costs

Tech stocks plunged in August amid concerns over AI costs

Nvidia's market value decreased by 7.7% to $2.92 trillion

clock 03 September 2024 • 3 min read
ChatGPT maker OpenAI could lose $5bn in 2024, report

ChatGPT maker OpenAI could lose $5bn in 2024, report

Another round of funding may be needed to keep it afloat

clock 26 July 2024 • 2 min read