DAX Performance Index Retreats From 26,692 Record as Fear & Greed Hits 21

European equities experienced selling pressure as global technology stocks retreated, causing the DAX performance index to pull back from its newest peak. Despite reaching a record level during Thursday trading, heavy tech selling in the United States dragged the German benchmark lower by the market close. US Tech Sell-Off Pressures German Stocks Germany’s major stock benchmark touched an all-time peak of 26,692.9 points on Thursday before market momentum reversed. The index subsequently extended losses into the close , finishing down roughly 0.4% compared to the previous day’s close, at approximately 26,325 points .

Source: The Cryptonomist