European stocks are falling as the technology sector declines

European stocks fell today as the early rally of chipmakers faded, miners snapped a three-day winning streak, and euro zone bond yields rose, which among other factors led the STOXX 600 to its worst monthly decline this year.

The pan-European Stoxx 600 Index declined 0.4% after rising 1% to hit a one-week high on the day. Mining stocks (.SXPP) fell 1%, dragged down by lower metal prices.

The technology sector index (.SX8P) closed down 2.4% after rising nearly 2% to hit a two-week high after an excellent quarterly revenue forecast and a buyback program for the world's most valuable chip maker Nvidia.

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