Year of market turbulence ends with resilient U.S. economy
The 1998 financial year saw global volatility with Long-Term Capital Management's collapse and a Dow peak followed by a sharp dip, yet the United States maintained growth, low unemployment at 4.3 percent, and strong consumer activity amid tech stock gains and major mergers. The Fed cut rates thrice, Rubin calmed foreign fires, and consolidation reshaped industry.
MENTIONED IN THIS ARTICLE
U.S
Vietnam
Woodstock
Greenwich
Capital Management L.P
Fed
Treasury
Robert Rubin
Wall Street
United States
Thailand
South Korea
New York Stock Exchange
eBay Inc
Exxon
Mobil
Bill Gates
Microsoft
Gates
Rockefeller
Alan Greenspan
Mutual fund gains ride fourth quarter 1998 rally
Mutual fund categories posted strong double digit gains in Q4 1998 as a Wall Street selloff cooled and markets rebounded. Lipper data show aggressive stock funds, including small and mid cap funds, up around 30 percent from Oct to late Dec, with tech and APAC funds leading. Global funds also rallied, while natural resources lagged on commodity weakness.
MENTIONED IN THIS ARTICLE
Wall Street
Lipper Inc
Ralle
Science and Technology and Telecommunications
Bayond
U.S
China
Science & Technology Fund
Uitracte
Nordweeta
Tocqueville
Larga Cap
PBHG
Nich-Appilntl
SC Grol
Dreyfus Technology
Janus
Legg Mason
Fidelity
Electronic
Grosius
Spectra Fund
Sequole Fund Vanguard Ouc Gra Seligman Communicana
Rotary
Reynolds
Kemper-Dreman
HI Ri
Alger Ret
Kemper
Unitad
Selectad American
AIM
Coneteliart A Amer Cant
Linus
Ram Health & Biotechnology
Pacific Region
Fidiality
Prac Mills
Rydex
Itr
Matthews IntiKoreas
Fidelity Sel
Uniities
Usaa Gold Fund
Invi ‘StratHealth
Matthews
Koraa
Utitties
DS Precious Metals
Fidelity Sal Health
Merrill Pacific
Pacific Basin
Neral Pacific
Artormane Pettus Ul
Washington Mutual Investermoh
Go OF America
Alte Corse
Fidality Gro & Inc
ULMER
Vanguard Winder
Vanguard Wellington Fund
Fee Encaaae
Sea
Imo LR
Health & Biotechnology
International
New Perspective Fund
Fidality Equity-Inc
Putnam Gro & Inc
Janus Worldwide
Ees
Total Bottom
Total Top
Total AU
Gold Orientad
Lali
Korea
T PR
Witrabearing SE
Fidelity Sal Eletronic
Gibl
Cary Ses Intamet Fund
Prudent Boar Fund
Iny
Arkios
Penn American Haritage Fund
Potomac
Fidelity Emerging
GNMA
Netnat
Oppenhaimer al Asseta SE
White Oak Growth Stock
Invesco Svat
Fireband Tech Ldce
American Heritage Fund Alliance Technology
Comstock Cap Valus
VFB
Electronica
Ursa Fund
Advidelity Sal Techniqy
Asia
Transam Pram
Colny
Tor
Enrgy Sar
T Rowe Price Sc & Tech
Amer Cent
Sogen
Technnology
Framont
Fidelity Sel Health
Lexington Strat
Gm- General Municipal
Invesco Strat
Seligman
WM Northwest
A. GR
ICON
PIMCO
Prec Metals
CAU
Seligman Communictn
Bull& Bear
Ivy-Canada Fund
Ile
Rowe Price Sci & Tech
American Heritage Furl
Parnassus
Midas Fund
Financial SE
Comstock
Willy Dreyfus Technology
Pioneer
Fidaliy Adv
Gok/Raa
Gabelli Gold
Fremont
Tent HC
Lexington Trka
Russia
Fidelty Sal Health
Ng Amaturitiens Cf
Ing Profunde'Utraote
Sm Bamay Telecommune
Bull&Bear Gold Investors
Lipper
Munder
Nalneta
Enrgy Ser
Fidelity Adv
van Eck
IL International
Asa
Matthews Intt
Boss ‘Ss
GI Resia
Fidelity Destiny
Amer LT
Aso
Lipper Anbytegl
Computer Fidelity Magellan Fund
Evergreen Pro
Rydex Otc Fundiing
Offitbank
Fidelity Sal
Ventobal
Davis NY Venture
Laxington Goldfund
Franklin Gold Fund
Lipper, Inc
Also Mentioned on This Page
America
Northrop Grumman Corp
Lockheed Martin Corp
Ameritech Corp
SBC Communications Inc
Bell System
May
Citicorp
Travelers Group Inc
Oher
Atrier
Mutual Fund Review
Purtan
Equity-Inc Fund of America ‘Yard
Inet Xinet
The
Associated Press and
Fidelity equity-Inc
Income Fund of America
Dama Fund
Vanguard
Fidelity Equity-Inc II
Vanguard Windoor
Amarice Fund
Fidelity Magallan Fund
Washington Mutual
America Fidelity Gro & Inc
Fidelity Contrafund
Vanguard Windsor
Fidelli
van, Fue
Igtan Fund
Win Puinam
Gro
Ingia