DAX drops below 26,000 as tech selloff hits Frankfurt

The German DAX stock index fell about 1.5% in early trading on Friday, dropping below 26,000 points to 25,920, following a sharp selloff on Wall Street driven by tech sector losses. The decline comes after the DAX hit a record high of 26,693 points on Thursday before closing 0.4% lower. The Democratic election victory fueled fears of stricter AI regulation, sending the Nasdaq 100 down 6.4%, its worst drop since March 2020, while the S&P 500 fell 4.4%. Analysts cite concerns over AI investment returns and potential regulatory delays. The US monthly jobs report, due at 14:30, is seen as crucial for the Federal Reserve's December rate decision, though some experts advise long-term investors not to overreact to the setback.