Tech stock sell‑off rattles Nasdaq and European markets

A pullback in technology‑heavy Nasdaq shares has sparked concern, but options activity shows no sign of a broader market collapse. The S&P 500 hovers just above the 7,000‑point psychological support, while the Dow Jones is seen as a relative safe‑haven. Tesla fell more than 7 % amid short‑seller Michael Burry’s targeting of AI‑linked stocks such as Nvidia and semiconductor firms.

European equities opened mixed as the slump in AI and chip‑related stocks dented risk appetite. Indexes were largely flat, with the Stoxx 600 down 0.1 %, the FTSE 100 off 0.1 %, the DAX stable, and modest gains in France, Italy and Spain. Market participants await U.S. non‑farm payroll data, while ECB President Christine Lagarde stressed that global risks are now more balanced and reiterated a “perfect” policy stance for further rate moves.