Market Jitters: Fed and AI Bubble Fears Sink DAX Below 24,000
After a solid start on Monday, Germany’s DAX index abruptly reversed course on Tuesday, dropping about 1.5% and falling below the 24,000-point thresholdfinanzen.net. By midday, the DAX sank to around 23,750 points, giving up most of the prior session’s gains. This decline was in line with a broader market pullback: France’s CAC 40 was down roughly 1.3% and London’s FTSE 100 about 0.8% in the same sessiontimesofindia.indiatimes.com. The sudden slump underscores how fragile recent gains have been – the DAX has been range-bound for months, and each attempt to rally has quickly met resistancerss-verzeichnis.de. “The sideways movement continues,” noted one analyst, who said only a slew of upbeat earnings reports might provide reliefhandelsblatt.com. In other words, without fresh positive catalysts, the market’s momentum fizzled out almost as quickly as it started.