Wall Street correction reopens investor interest in European stocks
The correction in big tech and doubts about AI profitability have led large investors to look at Europe again. Since the Nasdaq's peak on October 6, the tech index is down 8.3% and the S&P 500 3%, while the Stoxx 600 is up 4%. Citi cut US equities to neutral and raised European equities to overweight, excluding the UK. Fund managers cited highlight Europe's sector diversification, the weight of banks and resilient earnings.
In 40 seconds
- Since the Nasdaq's October 6 peak, the tech index is down 8.3%, the S&P 500 3% and the Stoxx 600 up 4%
- Citi cut its US equity recommendation to neutral and raised European equities to overweight, excluding the UK
- Siemens Energy and Infineon are up more than 10% since October 6 and UniCredit has gained 9.4%
IASummary generated by artificial intelligence from a story by Cinco Días. It may contain errors: the original source prevails.





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