European stocks saw a significant weekly drop Friday. Investors are concerned about growth and inflation due to Middle East conflict disrupting energy supplies. The STOXX 600 index fell, marking a two-week low and ending a four-week gain streak. Most regional markets also declined. Technology stocks saw gains, boosted by SAP’s strong performance. Healthcare and financials lost ground.
From FAANG to BATMMAAN: the new acronym driving global tech investing, says Niteen Dongare
Global investors are shifting focus from FAANG and Magnificent 7 to broader innovation, embracing the BATMMAAN acronym for AI, semiconductors, and digital ecosystems. Niteen Dongare