Dusseldorf The positive quarterly figures of the Google parent company Alphabet and Microsoft prevent a significant drop in prices on the German stock market. Nevertheless, the Dax fell 0.5 percent in midday trading and traded at 15,794 points.
The US stock exchanges had a very weak trading day. The S&P 500 lost 1.6 percent and closed at its lowest level for April, which is usually one of the strongest stock market months of the year.
Continued strong demand for cloud offerings brought Microsoft and Alphabet surprisingly strong quarterly results on Tuesday, which were released after the US stock market closed. The Google parent also announced a $70 billion share buyback program. On the German stock market, the Microsoft course is more than six percent up, that of Alphabet is unchanged.
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