DAX Closes Marginally Down

2026-10-13 16:25 By Luisa Carvalho 1 min. read

Frankfurt's DAX 40 reversed some early gains to close marginally down at 25,260 on Tuesday, snapping a two-day winning streak, pressured by renewed concerns over AI spending, while oil prices trimmed their losses.

Meanwhile, major US banks delivered mixed results at the start of the earnings season.

The tech sector was among the weakest performers, with chip maker Infineon Technologies dropping over 4% amid concerns over new Chinese competition.

Other decliners included Daimler Truck (-2.2%), Airbus (-0.9%), Merck (-0.8%), Hochtief (-0.6%) and E.ON (-0.2%).

On the upside, Zalando remained the top gainer, climbing 6.9%, followed by Siemens Heatlhineers (4.5%), BMW (4.5%) and Siemens (3.8%).



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