Large-cap stocks outperformed small-cap stocks in September and the third quarter, with the Morningstar Europe Index rising 1.41% in euros and 3.37% for the quarter. The best-performing sector was technology, led by ASML’s 30.1% gain. However, consumer defensive stocks like Nestlé, L’Oreal, and Unilever saw declines. In contrast, European growth stocks recovered in September, with a 2.5% gain compared to value stocks’ 0.8% increase. ASML’s rise contributed to the growth style’s performance, while large-cap value stocks like HSBC saw gains. The European technology sector had a strong rise of 9.07% in September, driven by ASML, while the consumer defensive sector fell 3.93%. Energy stocks also declined, with TotalEnergie, BP, and Shell recording setbacks.

Read more at Morningstar: Tech Stocks Deliver Returns for European Growth Investors in September