Published by Global Banking & Finance Review®
Posted on February 6, 2026
2 min readLast updated: February 6, 2026
Add as preferred source on GoogleSTOXX 600 fell as Stellantis results impacted the market, with tech stocks facing pressure from AI concerns and Amazon's spending plans.
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.
The pan-European STOXX 600 was down 0.2% at 610.28 points as of 0809 GMT.
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.
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)
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.
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.
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.
Electric-vehicle development plans outline a company's strategy for creating and producing electric vehicles, including investments in technology, infrastructure, and market expansion.
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