Editorial & Advertiser disclosure

Global Banking & Finance Review® is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

Home > Finance > Europe's STOXX 600 drops after Stellantis results; tech stocks in focus

Europe's STOXX 600 drops after Stellantis results; tech stocks in focus

Published by Global Banking & Finance Review®

Posted on February 6, 2026

2 min read

Last updated: February 6, 2026

Europe's STOXX 600 drops after Stellantis results; tech stocks in focus - Finance news and analysis from Global Banking & Finance Review

Tags:financial markets investment portfolios technology European economies

Quick Summary

STOXX 600 fell as Stellantis results impacted the market, with tech stocks facing pressure from AI concerns and Amazon's spending plans.

Europe's STOXX 600 drops after Stellantis results; tech stocks in focus

Market Overview and Key Developments

Feb 6 (Reuters) - European shares dropped on Friday, and were set to log a subdued end to a volatile week dominated by investor caution around software companies and a batch of disappointing corporate earnings, with carmaker Stellantis being the latest.

Impact of Stellantis Results

The pan-European STOXX 600 was down 0.2% at 610.28 points as of 0809 GMT.

Tech Sector Performance

Stellantis tanked 14.4% and triggered a trading halt after the Franco-Italian company booked charges of around 22.2 billion euros ($26.5 billion) in the second half of last year as it scales down electric-vehicle development plans.

Gains in Other Sectors

The broader auto sector slid 2.4% and led sectors lower.

Tech stocks slipped 1% and was set for its biggest weekly drop since late March 2025 as concerns prevailed that newer AI tools could upend the sector. U.S.-based Amazon.com's 50% boost in spending plans also rattled sentiment.

Offsetting broader losses was a 6.3% climb in Societe Generale after the French lender lifted a key profitability target for 2026 as it beat fourth-quarter profit forecasts.

Weight-loss drugmaker Novo Nordisk gained 4.2% after the U.S. Food and Drug Administration threatened action on 'illegal copycat drugs'.

(Reporting by Avinash P and Johann M Cherian in Bengaluru; Editing by Harikrishnan Nair)

Key Takeaways

•STOXX 600 index fell 0.2% after Stellantis results.
•Stellantis shares dropped 14.4% due to significant charges.
•Tech stocks experienced their biggest weekly drop since March 2025.
•Societe Generale shares rose 6.3% after profit forecast beat.
•Novo Nordisk gained 4.2% amid FDA action on copycat drugs.

Frequently Asked Questions about Europe's STOXX 600 drops after Stellantis results; tech stocks in focus

1What is the STOXX 600?

The STOXX 600 is a stock index that represents 600 publicly traded companies across 17 European countries, providing a broad view of the European equity market.

2What are corporate earnings?

Corporate earnings refer to the profits that a company generates during a specific period, typically reported quarterly, which can impact stock prices and investor sentiment.

3What is the technology sector?

The technology sector includes companies that produce goods and services related to technology, including software, hardware, and IT services, often driving innovation and economic growth.

4What are electric-vehicle development plans?

Electric-vehicle development plans outline a company's strategy for creating and producing electric vehicles, including investments in technology, infrastructure, and market expansion.

Market Overview and Key Developments

Impact of Stellantis Results

The pan-European STOXX 600 was down 0.2% at 610.28 points as of 0809 GMT.

Tech Sector Performance

Gains in Other Sectors

The broader auto sector slid 2.4% and led sectors lower.

Offsetting broader losses was a 6.3% climb in Societe Generale after the French lender lifted a key profitability target for 2026 as it beat fourth-quarter profit forecasts.

Weight-loss drugmaker Novo Nordisk gained 4.2% after the U.S. Food and Drug Administration threatened action on 'illegal copycat drugs'.

(Reporting by Avinash P and Johann M Cherian in Bengaluru; Editing by Harikrishnan Nair)

Key Takeaways

•STOXX 600 index fell 0.2% after Stellantis results.

•Stellantis shares dropped 14.4% due to significant charges.

•Tech stocks experienced their biggest weekly drop since March 2025.

•Societe Generale shares rose 6.3% after profit forecast beat.

•Novo Nordisk gained 4.2% amid FDA action on copycat drugs.

Frequently Asked Questions

1What is the STOXX 600?

The STOXX 600 is a stock index that represents 600 publicly traded companies across 17 European countries, providing a broad view of the European equity market.

2What are corporate earnings?

Corporate earnings refer to the profits that a company generates during a specific period, typically reported quarterly, which can impact stock prices and investor sentiment.

3What is the technology sector?

The technology sector includes companies that produce goods and services related to technology, including software, hardware, and IT services, often driving innovation and economic growth.

4What are electric-vehicle development plans?

Electric-vehicle development plans outline a company's strategy for creating and producing electric vehicles, including investments in technology, infrastructure, and market expansion.