The CAC 40 Index Opens 0.17% Lower

The CAC 40 eased 0.2% to 8,419 on Friday, ending a two-day advance as renewed selling pressure in technology stocks due to persistent concerns over elevated AI-driven valuations weighed on risk appetite. While Micron's earnings provided some reassurance about underlying AI demand, reports that OpenAI may delay its IPO until 2027, alongside indications that Apple and Microsoft are considering price increases for certain products, added to uncertainty surrounding the sector. Reflecting the broader weakness in the technology sector, STMicroelectronics lost 2.1%. Other notable decliners included Schneider Electric (-1.3%), Safran (-1.3%), and BNP Paribas (-1.0%). Meanwhile, gains in luxury stocks helped limit the losses, with LVMH rising 0.6%, Hermes advancing 1.0%, and Kering adding 0.8%. For the week, the CAC 40 was on track for its first weekly decline after five consecutive weeks of gains.

The CAC 40 Index is falling 14 points. Losses were driven by STMicroelectronics (-1.44%), Safran (-1.35%) and Schneider Electric (-1.29%). Biggest rises came from Danone (1.80%), Sanofi (1.55%) and Essilor (0.99%).

The CAC 40 Index gained 38 points or 0.46 percent on Thursday to close at 8424 points. Gains were led by Accor (3.16%), Societe Generale (2.79%) and STMicroelectronics (2.40%). Biggest losers were Thales (-2.42%), Publicis (-1.31%) and Stellantis NV (-1.29%).