European stocks pared early gains and settled mostly lower on Thursday, as stocks from technology and financials sector tumbled on selling pressure.
Tech stocks tumbled on concerns that a Democratic-led U.S. Congress could push for tighter regulation of AI development and data center construction, which could lead to a slowdown in capex.
In addition to digesting a slew of corporate earnings announcements, investors also reacted to the Bank of England’s decision to raise interest rate by 25 basis points.
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European Markets Pare Early Gains, Close On Weak Note; Tech Stocks Tumble
2026-11-05 18:06:42
