DAX, is experiencing a decline for the fourth consecutive session, dropping over 1% on Tuesday. This downturn is driven by increasing apprehensions regarding the elevated valuations of stocks associated with Artificial Intelligence, coupled with uncertainty about forthcoming policy decisions from the Federal Reserve, attributed to the absence of key macroeconomic data.
Investors exhibit caution in acquiring stocks as they anticipate the release of September U.S. jobs data and Nvidia’s results for guidance. Equities from various sectors are currently positioned in negative territory. The DAX, having fallen to 23,230.19 earlier in the session, was down 238.65 points or 1.01% at 23,340.70 recently.
Currently, only three stocks within the DAX constituents are exhibiting positive performance. Rheinmetall is experiencing a 3% increase following the upward revision of its 2030 sales forecast to approximately €50 billion, which coincides with the introduction of a new corporate structure and a revised strategy for its operations in the United States. Where as –
- Deutsche Boerse has experienced an increase of 0.6%, while Zalando has seen a slight uptick.
- Siemens Energy has experienced a decline exceeding 4%. Deutsche Bank and
Merck have experienced declines of 3.6% and 3.4%, respectively. - Daimler Truck Holding, Infineon Technologies, Commerzbank, Fresenius, Mercedes-Benz,
and Bayer have experienced declines ranging from 2.2% to 2.8%.
BMW, Adidas, Deutsche Telekom, Volkswagen, Continental, Heidelberg Materials, Porsche Automobil Holding, MTU Aero Engines, and Fresenius Medical Care are experiencing a notable decline.