Amazon and Apple weigh on Dax – important support level has fallen

Dax curve

The leading German index has already reached several new record highs this year.

(Photo: Bloomberg Creative / Getty Images [M])

Dusseldorf The Dax continued its series of losses of the past two days on Friday and closed 0.1 percent lower at 15,688 points. Around noon, the Frankfurt stock exchange barometer even fell below the 15,500 mark, but then recovered somewhat.

The annual figures and outlooks from Amazon and Google proved to be a burden on Friday. The two tech giants presented their quarterly figures on Thursday evening after the market closed. The disappointing results are depressing sentiment across the market.

“The Dax is getting more and more out of the air,” comments analyst Thomas Altmann from QC Partners. “After the recent attacks on the 16,000 points all failed, the eyes are now increasingly directed downwards again.”

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