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BUSINESS
April 1, 1998 | From Times Staff and Wire Reports
The Dow Jones industrial average snapped a four-day losing streak but was unable to sustain a fresh assault on the record books Tuesday as the first quarter came to a close. Bonds rallied as Federal Reserve Board policymakers left short-term interest rates unchanged. The dollar rose against the yen as attention remained focused on Japan's stagnant economy.
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BUSINESS
April 1, 1998 | From Times Staff and Wire Reports
Wall Street advanced and bond yields pulled back on Tuesday as the Federal Reserve Board met and decided against tightening credit--potentially flashing a green light to investors as the second quarter begins, analysts said. The Dow Jones industrial average snapped a four-day losing streak to rise 17.69 points to 8,799.81. That left the blue-chip index up 891.56 points, or 11.3%, for the first quarter.
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