The CAC 40 fell 1.4% to close at 7,965 on Thursday, reversing the prior session’s modest gains as a broad selloff in tech and luxury names weighed on the market. Legrand tumbled 12.2% after nine-month sales of €6.97 billion came in slightly below expectations, stoking worries about stretched valuations. Teleperformance slid 4.4% after cutting annual targets and reporting third quarter revenue that fell 0.5% to €2.51 billion, while Schneider Electric lost 2.9% following a partnership announcement with NVIDIA to develop AI factory infrastructure. Other tech names weakened, with Dassault Systemes down 3% and STMicroelectronics down 0.7%. Luxury houses fared poorly as well, with LVMH, Hermes, L’Oreal, Essilor and Kering losing between 1.1% and 3.8%. By contrast, ArcelorMittal jumped 2.4% after Q3 EBITDA of $1.51 billion matched forecasts and management flagged optimism for 2026, and Veolia rose 1.3% after nine-month EBITDA beat estimates at €5.08 billion.