India, Nov. 5 -- 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.
For comments and feedback contact: editorial@rttnews.com
Published by HT Digital Content Services with permission from RTT News....