The pan-European STOXX 600 index dropped 0.16% to 636.73 points on Thursday. The technology sector fell 2.7%, its steepest one-day drop since July, after hot US inflation data fueled fears of further Federal Reserve rate hikes that could hit companies borrowing to fund AI infrastructure. Chip stocks Infineon, Soitec and Aixtron fell between 6.3% and 7.5%, while ASML dropped 4.8%. Ericsson rose 8.3% after a smaller-than-expected drop in third-quarter core profit and better-than-expected sales, while Mondi tumbled 10.8% despite raising paper prices, and Antofagasta slid 6.2% as year-to-date copper production fell 8.3% to 436,900 tonnes. According to LSEG data, traders see an 84% chance that the European Central Bank will raise rates in December, after two hikes earlier this year.
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Related tickers and likely impact
QQQ
▼ Likely negativeInvesco QQQ Trust
Relevance: low
| Market | US stocks |
|---|---|
| Sector | ETF |
| Close on 10/14/2026 | 728.95 |
| Change that session | -1.97% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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