NEW YORK (dpa-AFX) – On the US stock market, the optimists have kept the scepter firmly in hand. The most important indices remained on course for recovery on Friday and in some cases closed significantly higher. Fears of inflation and recession, which have been dominant in recent weeks, have recently abated somewhat, so that according to traders bargain hunters have now come onto the scene and used the supposedly favorable prices to get started. The fact that inflation in China surprisingly weakened in August contributed to the overall good mood on the global stock markets at the end of the week.
The leading US index Dow Jones Industrial (Dow Jones 30 Industrial) rose by 1.19 percent to 32,151.71 points. This results in a weekly gain of 2.66 percent after three weeks of losses. The market-wide S&P 500 rose 1.53 percent to 4067.36 points on Friday. The technology-heavy NASDAQ 100 rose by 2.17 percent to 12,588.29 points./la/zb