Dow Jones - Europe's benchmark stock index notched up its biggest daily loss in almost four months on Thursday, as an early sell-off gathered pace in the afternoon after US stocks opened with losses.
There were big moves in stock price for certain companies reporting results, including for Burberry, whose shares tumbled by the most in five years.
The Stoxx Europe 600 was down by just over 1% on the day.
"US future were coming under more pressure than what we've become accustomed to heading into the open and I think this may have spread to other markets with investors possibly doubting that the usual 'buy the dip' mentality would kick in," said Craig Erlam, senior market analyst at Oanda, in emailed comments.
"Ultimately, markets are meant to see corrections along the way and this hasn't been the case really throughout the rally recently. As it stands, I don't think the moves are cause for alarm," he added.
Investors continued to juggle corporate earnings reports. Shares that were deeply punished included Burberry and Vestas Wind Systems.
But German lender Commerzbank AG and AstraZeneca were among those whose shares advanced.
Looking at the 78% of companies on the Stoxx 600 that have delivered results, growth in per-share earnings has slowed, according to research from Deutsche Bank.
Growth was at 7.6% in the third quarter, compared with 26% and 18% in the first and second quarters, respectively.
In addition, the ratio of companies beating earnings expectations is at 51%, the lowest since the fourth quarter of 2015, the bank's analysts noted.
Euro strength "has offset the positive impact from a strong growth backdrop during the quarter," said Sebastian Raedler, head of European equity strategy at Deutsche Bank.
Exporters saw their beat ratio drop below 50% for the first time since 2016, in contrast to eurozone companies with high domestic revenues, which managed to exceed expectations "comfortably," he said.