Bearish
CAC 40 declines 1.64% amid tech sector losses and rising oil prices
The CAC 40 index fell 1.64% to 8,299.09 points on July 23, 2026, driven by significant losses in the technology sector and escalating oil prices. STMicroelectronics led the decline with a 17.72% drop following underwhelming sales forecasts, while Soitec's shares surged 21.64% due to strong first-quarter revenue growth. Additionally, a 7.07% increase in oil prices added to market concerns.
Key points
- STMicroelectronics shares plummet 17.72% after issuing weak sales forecasts.
- Soitec's stock jumps 21.64% on robust first-quarter revenue growth.
- Oil prices rise 7.07%, contributing to market unease.
Sources
AI-generated from public news sources. Not financial advice.
