FRANKFURT (dpa-AFX) - After the DAX approached the 24,500-point mark early on Friday, investors put the brakes on. The leading German index reached a two-month high of 24,474 points, but then turned negative along with the leading New York index, the Dow Jones Industrial, which had initially set a new record. Concerns about the megatrend of artificial intelligence had once again arisen on the US stock markets.
The DAX closed 0.45 percent lower at 24,186.49 points on Friday. Investors shied away from the 24,500-point mark, which, according to capital market strategist Jürgen Molnar from broker Robomarkets, is "currently the last relevant hurdle" on the way to the record high of 24,771 points set in October. However, the DAX gained 0.7 percent over the past week.
According to the experts at Index-Radar, the mood on the trading floor remains positive – despite a few setbacks, which the market has already absorbed without complaint in recent days. In the second tier of the stock market, the MDAX also performed slightly better at Friday's close: the index of medium-sized German stocks defended a gain of 0.13 percent to 29,959.19 points./tih/jha/
