European stocks hit new high amid robust earnings

The European Stoxx 600 index rose today, Friday, to an all-time high at the close for the fourth consecutive time, supported by strong corporate earnings in the technology sector and data on the U.S. labor market. The index closed up 0.3% at 660.25 points, marking its fourth consecutive weekly increase, with the technology sector surging 1.9% and Kingspan Building Products' stock soaring 17.8%. Additionally, pharmaceutical companies reported results, with expected earnings growth in the second quarter exceeding 22%, while insurance company shares declined after net profits increased in the second quarter.

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