DAX Down for 2nd Day
2026-02-24 09:00
By
Luisa Carvalho
1 min. read
Frankfurt's DAX 40 edged down to trade below 24,000 on Tuesday, extending Monday's losses, as market sentiment remained pressured by tariff woes and AI anxieties.
Meanwhile, investors closely monitored some earnings reports and corporate news.
Among key movers, Fresenius Medical Care plunged more than 7% to the bottom of the index, after reporting higher 2025 profits but signaling broadly stable 2026 revenue and operating profit, diverging from prior performance and recently announced cost-cutting measures.
MTU Aero Engines (-5.2%) followed closely, as it reported Q4 results that exceeded expectations in profitability, while its outlook for 2026 was largely in line with market forecasts.
Selling pressure also hit tech and banks, with SAP, Deutsche Bank, and Siemens down 1.8%, 1.7%, and 1.1%, respectively.