UPDATE 2-European shares dragged down by tech's worst day since October

* Commodity shares fall the least
* Tech shares plunge 3.8%
* HelloFresh falls despite Q1 profit surge
* German stocks lead losses across Europe

(Updates with market close)
By Sruthi Shankar and Ambar Warrick
May 4 (Reuters) - European shares ended lower on Tuesday,
with the technology sector having their worst day since
late-October after a sudden drop in big U.S. tech stocks.
The pan-European STOXX 600 index .STOXX shed 1.4%, with
tech stocks .SX8P losing 3.8% and some analysts attributing
the drop to profit taking.
Tech stocks are trading near record highs on a stellar
earnings season and broader optimism over an economic recovery.
"It's a combination of a sell-off on the winners of the past
months... with the month of May and a 'nervous' positioning,"
said Angelo Meda, portfolio manager at Banor SIM in Milan.
The tech-heavy Nasdaq .IXIC slipped more than 2%, from
near record-high levels, with highly-valued tech companies
bearing the brunt of selling. .N
In Europe, Germany's bourse .GDAXI shed 2.5%, the most in
the region, due to its high composition of tech stocks.
Chipmaker Infineon IFXGn.DE fell 5.9% and was among the
top drags on the German index, after CEO Reinhard Ploss said he
was expecting supply constraints in the automotive segment to
only ease in the second half, with lost volumes likely to be
made up in 2022. Europe's automakers .SXAP fell 3.2%.
Miners .SXPP rose 0.2%, and oil and gas .SXEP stocks
fell the least, supported by strong resource prices as investors
bet on a strong global rebound after massive vaccination drives
in developed countries and unprecedented stimulus.
German meal-kit delivery company HelloFresh HFGG.DE fell
6.7% as worries about consumer behaviour, amid easing
lockdowns, overshadowed a surge in first-quarter customer base.

Software company Teamviewer TMV.DE , another stay-at-home
beneficiary, dropped 12.3% despite reporting quarterly orders
and core profit ahead of expectations. More than half of the STOXX 600 companies have reported so
far in what has largely been a positive earnings season, with
73% of them topping profit expectations, as per Refinitiv IBES
data.
Jewellery maker Pandora PNDORA.CO jumped 6.0% to the top
of the STOXX 600 after reporting quarterly operating profit
above estimates, fuelled by strong online sales and plans to
push for growth in the United States and China. Norwegian hydrogen firm Nel NEL.OL slumped 15.8% to the
bottom of the STOXX 600 after its first quarter results missed
expectations.