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European stock markets shifted from early gains to losses on Tuesday, following record highs in the morning, due to significant declines in the technology and media sectors. The Stoxx 50 experienced a 0.2% dip, and the broader Stoxx 600 was down by 0.1%. Tech stocks faced a substantial fall of up to 4%, marking the largest single-day decline since April 2025, driven by growing investor concerns over the disruptive potential of artificial intelligence. Shares of Amadeus IT, SAP, and ASML Holding dropped by 6%, 5%, and 3%, respectively. Media stocks fell over 5%, marking their sharpest daily decrease since March 2020, with Publicis tumbling almost 9% following its disappointing outlook concerning AI's impact on its operations. In other sectors, Danish offshore wind leader Orsted saw its shares decline, even after a U.S. court authorized the continuation of its Sunrise Wind project near New York. Conversely, mining stocks fared well, as gold and silver rebounded from a significant two-day slump.
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