Stock market: Dax up after Fed interest rate cut, Aumovia in Dax after Conti spin-off, DWS share up, BASF down

At chemical company BASF , however, a downgrade by Bank of America caused the share price to decline by 1.3 percent, placing the shares among the lower positions in the DAX.

Dow up after Fed decision, Nasdaq down

The U.S. Federal Reserve's interest rate decision on Wednesday jolted the Dow Jones Industrials out of its recent lethargy and pushed it to a record high. Investors reacted with relief that the Fed, as expected, had cut its key interest rate by 0.25 percentage points for the first time in about nine months.

However, the future path of interest rates remains unclear, even after the additional monetary policy statements from the central bank and the remarks by Fed Chairman Jerome Powell at the press conference. As a result, the Dow lost a significant portion of its daily gains. The leading index closed up 0.57 percent at 46,018 points. Its all-time high is now just under 46,262 points.