Around the World's Markets: New York
Wednesday 19 May 1999
Earlier traders said they were not expecting an interest-rate rise, but they did predict that the Fed would abandon its neutral stance and and give an indication on its policy outlook. At midday the market had been up 0.45 per cent at 10,914, with a rally in Hewlett-Packard shares responsible for 80 per cent of the index's rise.
Diving in at the deep end is no excuse for shirking the style stakes
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