The last week on the stock market was extremely mixed.
New month, new momentum: hopes for a Corona drug from Merck have given Wall Street a strong boost. The weekly balance sheet, however, is sobering. Also for the DAX.
Investors needed strong nerves in the last week of September. The DAX fell by around 2.4 percent. Wall Street, in particular the Dow Jones and the Nasdaq, also lost considerable ground. The budget poker in the USA and interest rate worries put pressure on the stock markets.
On the German stock market, there was no sign (yet) of the hope for an anti-covid remedy. The DAX went into the weekend down 0.7 percent. At least the German benchmark index was able to hold its ground above the psychologically important 15,000 point mark. It had fallen below this level at times in early trading this morning.
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