DAX closes 0.43 percent lower after reaching record high
Published on 11/05/2026 at 22:54 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSDAX ends record day lower
- The DAX closed at 26,325.01 points on Thursday, November 5, 2026, down 0.43 percent from Wednesday's close.
- The index reached a new intraday record of 26,692.90 points before turning lower as US technology stocks came under pressure.
- Rheinmetall was among the biggest drags after the defense company cut its 2026 outlook again.
The DAX closed lower on Thursday, November 5, 2026, after initially extending the rally that had followed the US midterm elections. The index finished at 26,325.01 points, down 0.43 percent from Wednesday's closing level of 26,437.67 points. The move represented a decline of 112.66 points.
Record high followed by reversal
The index climbed to a new intraday record of 26,692.90 points during the session. That briefly extended the strong performance of the previous trading day, when the DAX had gained 2.22 percent. The subsequent reversal meant that the index closed 367.89 points below its session high.
n-tv reported that the DAX moved into negative territory after trading began on Wall Street, as the sell-off in US technology and semiconductor stocks intensified. The report cited concerns that stricter political conditions after the Democratic victory in the US midterm elections could slow data-center expansion and related investment.
Rheinmetall weighs on the index
Rheinmetall was another major source of pressure. The defense company had lowered its 2026 sales and operating-margin outlook again after the Xetra session on Wednesday, citing delays to a project. Its shares fell sharply during Thursday's trading, adding to the broader weakness in the DAX.
Technology-linked names were also under pressure. According to n-tv, Infineon fell 8.5 percent, while Siemens Energy and Hochtief also declined. The combination of the US technology sell-off and company-specific weakness at Rheinmetall offset the earlier boost from the US election result.
Market context for investors
Thursday's session underlined the market's sensitivity to changes in expectations around artificial-intelligence investment and US technology valuations. The new record high showed that risk appetite remained strong at the start of the session, but the close demonstrated how quickly sentiment can change when US market signals deteriorate. This was a volatile session rather than a straightforward continuation of Wednesday's rally.
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