Techno: the European sector swept away by the fall of the Nasdaq











Photo credit © Dassault Systemes


(Boursier.com) — Carried away by the fall of the Nasdaq yesterday against a backdrop of new tensions on bond rates, the ‘Stoxx 600 Technology’ index dropped 2.6% on Friday, bringing its losses for the week to 5.8% . The European tech index is at its lowest level since December 2020. In Paris, Dassault Systèmes fell 5.6%, Capgemini fell 3.5%, Soitec lost 2.2% and STMicro lost 1.8% . High-growth stocks are the first to suffer from concerns about the potential impact on their business of rising interest rates.


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