FRANKFURT (dpa-AFX) - The DAX managed to move into positive territory on Tuesday after a mixed morning session. The leading index picked up momentum in the afternoon as the initially weak New York stock exchanges more or less erased their losses. Most recently, the major indices Dow Jones Industrial and S&P 500, which contain more blue-chip stocks, managed to edge into positive territory.
The DAX ultimately climbed by 0.80 percent to 24,998.40 points. In its closing rally, it temporarily surpassed the 25,000-point mark again—a level that has been fiercely contested throughout February. From a chart-technical perspective, the German benchmark index sent a positive signal by moving above its 21-day average. The MDAX, which tracks mid-cap German stocks, finished Tuesday with a gain of 0.25 percent at 31,444.33 points.
Investors on Tuesday shrugged off the fact that economic expectations for Germany, as determined by the ZEW Institute, painted a bleak picture for February. The focus remained on the extent to which artificial intelligence could disrupt entire industries. "However, in the DAX, these concerns play a rather minor role," commented Andreas Lipkow, an expert at broker CMC Markets, in the afternoon./tih/he
