The pan-European STOXX 600 fell 0.7% on Tuesday, with Germany's DAX down nearly 1% and France's CAC 40 down 0.5%, as a global tech sell-off spread. Apple's warning that rising memory chip prices would squeeze gross margins through the holiday quarter hit European chip stocks, with ASML, ASM International and BE Semiconductor down 2% to 4% and STMicroelectronics and Infineon each down over 3%. Oracle's plan to raise $20 billion for cloud and AI infrastructure added to worries over tech spending. Koninklijke Philips rose 6.4% after higher quarterly profit, while Lufthansa gained 1.6% despite narrowing its full-year 2026 operating profit forecast due to soaring jet fuel costs.
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Related tickers and likely impact
AAPL
▼ Likely negativeApple Inc.
Relevance: high
| Market | US stocks |
|---|---|
| Sector | Information Technology |
| Industry | Technology Hardware, Storage & Peripherals |
| Market cap | $5.1T |
| Close on 11/02/2026 | 338.32 |
| Change that session | -1.83% |
QQQ
▼ Likely negativeInvesco QQQ Trust
Relevance: high
| Market | US stocks |
|---|---|
| Sector | ETF |
| Close on 11/02/2026 | 681.13 |
| Change that session | -1.36% |
SPY
▼ Likely negativeSPDR S&P 500 ETF
Relevance: medium
| Market | US stocks |
|---|---|
| Sector | ETF |
| Close on 11/02/2026 | 752.10 |
| Change that session | -0.48% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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