Dusseldorf Despite weak numbers from US technology companies, the Dax remains on an upward trend – even if it first has to digest the previous day’s gains at the start of trading. In the first hour of trading, the leading index fell 0.3 percent and was trading at 13,151 points. On Wednesday, the Dax closed 1.1 percent higher at almost 13,200 points.
After the price losses of Microsoft and Alphabet the day before, the downward slide continues at the Facebook parent company Meta. Revenue and profit fell in the third quarter. Analysts had hoped for better numbers. The share slipped 21 percent on the German stock market.
The Dax is currently benefiting from the industrial focus of its 40 members. This can also be seen in the USA: While the Nasdaq 100 technology index slipped 2.3 percent on Wednesday, the Dow Jones index with its many industrial titles went out of trading unchanged.
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