Original title: European Stocks Bounce Back From Tech-Driven Slump: Markets Wrap
Stocks staged a modest rebound from a technology-led selloff, setting a steadier tone at the outset of a month that could bring plenty of tests to markets trading near record highs. The Stoxx 600 advanced 0.3% as a gauge of the region’s tech stocks held steady. Asian stocks traded mixed, with a 19% surge in Alibaba Group Holding Ltd. contrasting with a slump in chipmaking shares. S&P 500 and Nasdaq 100 futures were little changed, with cash trading in US stocks and Treasuries closed for the Labor Day holiday.