Tech’s rise drives radical change in European blue-chip stocks index

News Snapshot:

(Bloomberg) — After decades in the shadows of record-shattering Wall Street stocks, a transformation of the euro-area’s index of blue-chip companies looks to have finally set the benchmark on course toward a new high. Most Read from Bloomberg Europe may lack a “Magnificent Seven” tech cohort of its own, but a pared-down version of that phenomenon has emerged. The Euro Stoxx 50 has just hit its highest since 2001, with the latest leg of the surge powered by blowout earnings from the region’s two biggest tech stocks, ASML Holding NV and SAP SE. Though the Euro Stoxx 50 is about...