Global markets rise on hopes of recovery Traders took encouragement on Friday from a survey of German business executives that proved better than expected. "A lot of the (economic noise) has certainly quietened down," said Paul Powers of Raymond James Financial. The S&P closed up 0.5pc at 1,502.96, as it rounded off its longest rally since 2004. The Dow Jones finished 0.5pc stronger at 13,896.00.