FRANKFURT (dpa-AFX) – After a tough week, the DAX ended the week with losses. Positive momentum from overseas markets, where AI fever is driving up prices, did not reach the leading German index. “Investors seem to be running out of ideas on how the future of DAX companies could be positive,” wrote analyst Frank Sohlleder of broker Activtrades.
For the first time in two weeks, the DAX fell below the 24,000-point mark and closed down 0.67 percent at 23,958.30 points. This resulted in a loss of around 1.2 percent for the week, but a gain of 0.3 percent for the month of October. The MDAX for medium-sized stock exchange groups fell by 0.44 percent to 29,751.62 points on Friday.
In the US, the stock market had paid some tribute to its record rally the day before. On Friday, the technology sector in particular saw a significant upturn. This was due to the quarterly figures from Apple and Amazon, which significantly exceeded…
