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 0.4 percent in the first hour of trading and traded at 15,805 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. The papers rose in the after-hours US business at times by around three percent. On the German stock market, the Microsoft course is up more than six percent, that of Alphabet is unchanged.
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