European stocks tumbled on Friday, as a tech sell-off on Wall Street continued to spook global markets for a second day.
Stocks across the continent wobbled throughout the week’s final day of trading, with two intra-day rallies that quickly faded to leave markets well in the red.
The Europe-wide STOXX 600 (^STOXX) closed down 1.1% after tumbling 1.4% the previous day. Tech stocks on the index shed 2.6%.
READ MORE: Sell-off on Wall Street hits European stocks
The tech-heavy Nasdaq (^IXIC), which has rebounded strongly in recent months, again suffered the worst losses on Wall Street, down 2.5% as European markets closed. It had shed 5% on Thursday, its worst daily declines in three months, though losses are still nowhere near erasing its gains since the pandemic hit.
Russ Mould, investment director at AJ Bell, noted the backdrop remained “fragile,” with mixed economic data, ongoing concerns over rising unemployment and no sign yet of a vaccine. “The slightest bit of bad news on any of these factors could be enough to cause further volatility in the markets,” he added.