Posted on October 11, 2022 Friday’s session was clearly negative for stock markets, especially for the technology sector, following the US government’s decision to restrict Chinese companies from accessing chips used in artificial intelligence and supercomputing manufactured abroad. of China, as well as stricter rules on the sale of semiconductors. In this context, the Ibex 35 fell 0.99%, to 7,436 points, leaving 14.6% in the global calculation for the year. Meanwhile, the Euro Stoxx 50 corrected with greater force and fell 1.69%, to 3,375 points and is already correcting 21.5% in 2022. In the United States, the American stock market corrected with great force and fell 2 .8% at the close on the S&P 500 and up 3.8% on the Nasdaq. At the sectoral level, the energy and consumption sectors rose, compared to the market, which compares with a spectacular drop in technology of over 4%, as well as in industrial and luxury. In terms of values, a sharp drop in Fluidra, Sacyr and Solaria on the Ibex 35, which compares with a significant rise in Sabadell, IAG or Arcelor. In the Euro Stoxx 50, the drop in technology companies ASML and Adyen, along with Prosus and Adidas, compared to a good rise in energy by ENI and Total, along with Sanofi and Safran. INFORMATIONTitleTechnology pushes stock markets to a big dropDescriptionFriday’s session was clearly negative for the stock markets, especially for the technology sector, after the decision of the US government to restrict Chinese companies from accessing chips used in artificial intelligence and supercomputers manufactured outside of China, as well as stricter rules on the sale of semiconductors. Author GLOBALCAJA
Technology pushes stocks into a big slump
