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Friday, October 30, 1998 Published at 21:44 GMT
Business: The Markets
Wall Street market report
![[ image: ]](/olmedia/95000/images/_98167_usre150.gif) |
US shares closed up 114.05 points or 1.3% at 8,706.15, as investors remained confident that policymakers would take steps to prevent further global financial turmoil.
In their first November session, stocks built on October's 10% gains, its best one-month advance in 11 years. At one point, the Dow index peaked 150 points.
The technology-heavy Nasdaq index rose 29.49 points, or almost 1.7%, at 1,800.88.
Sentiment was further helped by a fresh batch of mergers, and expectations of more rate cuts both in the US and abroad.
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