Frankfurt Bargain hunters have used the price declines of the past few days to get started. The Dow Jones gained 0.6 percent on Friday to 33,746 points. The tech-heavy Nasdaq was little changed at 11,146 and the broader S&P 500 was up 0.5 percent to 3,965. In Frankfurt, the Dax closed 1.2 percent higher at 14,432 points.
“Equities are once again shedding warnings of rising interest rates in the US and it appears the normal fourth-quarter recovery is once again being confirmed,” said Chris Beauchamp, chief market analyst at brokerage firm IG. “The fact that Fed speakers continue to drum up interest rates but fall on deaf ears may suggest traders still believe in a year-end rally, even if it sets the stage for a January crash.”
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