European Stocks Slip From Record Highs

2026-02-03 15:57 By Joana Ferreira 1 min. read

European bourses reversed early gains to trade lower Tuesday, after hitting record highs in the morning session, led by sharp declines in technology and media stocks.

The Stoxx 50 fell 0.2%, while the broader Stoxx 600 slipped 0.1%.

Tech shares tumbled as much as 4%, their largest one-day drop since April 2025, amid mounting investor fears over the disruptive impact of artificial intelligence.

Amadeus IT, SAP, and ASML Holding fell 6%, 5%, and 3%, respectively.

Media stocks dropped more than 5%, marking their steepest daily decline since March 2020, with Publicis plunging nearly 9% after the advertising company’s outlook failed to ease concerns over AI’s effect on its business.

Elsewhere, shares of Danish offshore wind giant Orsted slipped, despite a US court ruling allowing the company to resume its Sunrise Wind project off the coast of New York, while mining stocks were among the top performers as gold and silver rebounded from a historic two-day selloff.



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