Bob Brinker: Market Savant & Radio Host Message Board

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Strategies & Market Trends : Bob Brinker: Market Savant & Radio Host

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To: Joe Basile who wrote (4567)	4/14/1998 2:42:00 PM
From: TMAC	Read Replies (1) of 42834

Joe, looks as if Alan Skrainka read your summary also... U.S. TRADING SUMMARY: The Dow rallied by midday Tuesday, pushed higher by a small clutch of stocks, while the broader market gleaned some of the blue chip strength amid clear signs that inflation is still firmly under wraps. "I looks like we have cut through 9000 like a hot knife through butter," said Alan Skrainka, chief market strategist at Edward Jones. "Earnings are driving the market." At 1:35 p.m. ET, the Dow Jones industrial average was up 90 points at 9103, a new session high. The S&P500 index was up six points at 1115. Advancing issues led decliners by almost 2-to-1 on volume of 385 million shares. The Nasdaq jumped 18 points at 1843. The stock market was also helped by steadier bonds, which were cheered by the latest economic data. The 30-year Treasury was 11/32 to yield 5.90%.

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