The leading German index is in a downward trend this year.
(Photo: Bloomberg Creative/Getty Images [M])
Dusseldorf Another sell-off in US technology stocks is slowing down the upward movement in the leading German index. The Dax fell by 2.2 percent to 13,527 points in the first hour of trading on Thursday. All winnings from the previous day are gone. On Wednesday, the stock market barometer rose by 2.2 percent and closed at 13,828 points – an increase of 550 points since the low last Monday.
The situation for US technology stocks is dramatic. On Wednesday, the Nasdaq ended trading down 3.2 percent. Since April 1 of this year, this index has lost more than 20 percent in value, while the Dax has lost less than five percent and thus achieved a smaller minus than the Dow Jones index.
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