Dow tops 9000 on optimism as small investors push market higher
The Dow closes above 9,000 for the first time amid optimism from small investors. Analysts cite inflation, rates, productivity and demand as strength factors while cautioning about periodic fluctuations. Recent gains fade as Tech slides. Dow ends down 76.73 to 8,956.50.
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Dow crosses 9000 as era of growth fuels market excitement
The Chicago Tribune notes the Dow Jones Industrial Average climbed past 9000 amid talk of a possible 10000 milestone and a growing sense of wealth among Americans. It warns that earnings, inflation, and global events could temper this optimism, while markets have surged about 14 percent in 1998.
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