Stock exchange in Frankfurt: Dax pays tribute to the latest rally

The price rally of the past few days led to profit-taking in the Dax on Friday.

Stock exchange in Frankfurt: Dax pays tribute to the latest rally

The price rally of the past few days led to profit-taking in the Dax on Friday. Added to this are the generally negative specifications of the US stock exchanges. After the leading index had climbed over 13,200 points the day before, it has now fallen by 0.67 percent to 13,123.32 points. This means that the Dax will remain resilient, emphasized market analyst Jochen Stanzl from CMC Markets. The weekly plus is still a little more than three percent.

The MDax of medium-sized stocks recorded a minus of 0.94 percent to 23,716.05 points on Friday. The EuroStoxx 50 fell by 0.81 percent to 3577.07 points.

The disappointment of investors about the quarterly reports presented by Apple and Amazon in the USA drives the Dax into the parade. After tech heavyweights like Alphabet, Microsoft and Meta had already disappointed, hope lay in Amazon and Apple. However, both provided meager numbers after the US close of trade.

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