Business · Markets · 9 hrs ago
DAX hits a record high before ending lower
Germany’s DAX briefly reached a record high on Thursday, climbing to about 26,692 points.
The index later ended 0.4% lower at about 26,325 points after US technology shares fell sharply.
Lower oil prices and signs of improvement in German industry had helped lift the market earlier in the day.
German industrial orders rose 4.4% in September, partly recovering from a steep fall the month before.
Cheaper oil could ease inflation and reduce companies’ production costs if the decline lasts.
Oil prices and market sentiment remain uncertain, with attacks continuing in the Middle East and no diplomatic solution in sight.
Economists say investors should not assume the positive market mood after the US midterm elections will last.
The DAX reached a record high on 5 November before ending the session lower.
It rose to about 26,692 points, surpassing its previous high set in August.
The index closed down about 0.4 percent at roughly 26,325 points.
Falling oil prices and stronger German industrial orders supported the market earlier in the day.
Later, losses in US technology shares and concerns about the future of the AI sector weighed on the DAX.
- Who
- Germany’s DAX, the country’s leading stock index.
- What
- It set a record during the day, then closed lower.
- When
- 5 November 2026.
- Where
- The German stock market; the article identifies Frankfurt as the market location.
- Why
- Lower oil prices and positive industrial signals initially supported shares, while US market turbulence and concerns about AI shares later dragged on the index.
This story does not have two clearly opposing sides.
The DAX rose to a record high of about 26,692 points.
Negative signals from US markets and a sell-off in technology shares weighed on the DAX.
The DAX ended 0.4 percent lower at about 26,325 points.
- Intraday record
- About 26,692 points
- Previous record
- 26,618.74 points, reached in August
- Closing level
- About 26,325 points
- Daily change
- Down about 0.4 percent
- German industrial orders
- Up 4.4 percent in September
2 sources
What people are saying
Auf die Wahleuphorie folgt die Ernüchterung
Die geopolitischen Unsicherheiten und das Risiko kräftiger Rückschläge bleiben bestehen
Das Ergebnis stand schnell fest, es ist eindeutig, Trump akzeptiert es, und geteilte politische Macht bringt weniger Risiko für politische Überraschungen. Die Börse liebt Berechenbarkeit und steigt.
Auch ohne die stark schwankenden Großaufträge zogen die Orders im September kräftig an. Damit steigt die Wahrscheinlichkeit, dass die Aufträge den Seitwärtstrend der zurückliegenden anderthalb Jahre verlassen und wieder steigen.