(Bloomberg) — European stocks and US equity futures paused Wednesday as traders sought fresh catalysts to extend the latest tech-driven gains.
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Contracts on the S&P 500 were steady in holiday-thinned trade, after the index hit its 31st record high of 2024, powered by another surge in artificial intelligence bellwether Nvidia Corp., now the world’s most valuable company. Nasdaq 100 futures advanced to a record high. The pan-European Stoxx 600 slipped 0.2% after two days of gains, while bond yields across the euro area edged higher.
Despite a recent wobble driven by French political tensions, European stocks still stand about 2% off their latest record highs. Wall Street, meanwhile, has been lifted by the continued AI frenzy and resilient economic growth that should continue to support corporate earnings, especially in the technology sector. UK data on Wednesday added to signs inflation is slowing across the…
