Business · Markets · 9 hrs ago
DAX falls 1.1% as tech concerns and higher oil prices weigh
Germany’s main stock index, the DAX closed down 1.1% at 25,372 points on Thursday, giving back some of the previous day’s gains.
Investor concerns about major US tech companies helped drive the decline after results from Meta, IBM and Tesla failed to reassure markets.
Investors are also questioning whether heavy spending on artificial intelligence will deliver enough growth and profit.
SAP, a major DAX company, reported better-than-expected results and ended higher, but that did not lift the overall index.
Rising oil prices added pressure as renewed Houthi attacks in Saudi Arabia raised fears of supply disruptions.
The DAX has struggled to hold gains above 25,500 points, and the sources say investors are not yet buying enough to push it sustainably higher.
Germany’s DAX closed 1.1% lower on Thursday at 25,371 points, giving back some of the previous day’s gains.
Weak sentiment toward major US technology companies and rising oil prices weighed on the market.
The DAX fell to 25,318 points during the day, below its 100-day trend line.
Oil prices rose amid fears of supply disruptions linked to escalating tensions in the Middle East.
SAP shares recovered from early losses and ended higher, but did not prevent the index from falling.
- Who
- The DAX and investors in German shares.
- What
- The DAX fell 1.1% to 25,371 points.
- When
- Thursday, 22 October 2026.
- Where
- Germany’s stock market; the DAX is the country’s leading share index.
- Why
- Weak reactions to major US technology companies’ results and rising oil prices weighed on sentiment.
This story does not have two clearly opposing sides.
The DAX rose to 25,700 points, its highest level in a month.
Meta, IBM and Tesla released results that weighed on sentiment, according to Tagesschau.
The DAX fell to 25,318 points during trading and closed at 25,371 points, down 1.1%.
- DAX close
- 25,371 points, down 1.1%
- DAX intraday low
- 25,318 points
- Brent crude
- Up about 2.6% to just over $112 a barrel
- Previous day’s DAX high
- 25,700 points
- SAP
- Recovered from early losses and closed higher
2 sources
What people are saying
Efforts to ease tensions both in Ukraine and in the Middle East are not convincing
Investors want proof that investments are translating into stronger growth, better monetisation and ultimately profits
The quarterly reports from Tesla, Meta, IBM and SAP are not enough to strengthen confidence in the technology sector and especially in the chip sector