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Lawrence Journal World in Lawrence, Kansas

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Newspaper

Lawrence Journal World

Location

Lawrence, Kansas, United States of America

Date

Jan 03, 1999

Page

19

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.

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.

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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
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