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April 18, 2019

Stocks rallying — kind of like it's 1999

By STAN CHOE
AP Business Writer

NEW YORK — The stock market has been so hot this year that it might need an ice-cold Fruitopia, or a Zima.

The furious rally that's brought the S&P 500 to the brink of another record, so quickly on the heels of last year's scary tumble, is reminding some market veterans of the rebound of late 1998. Then, like now, decisions by the Federal Reserve on interest rates helped send stocks soaring. Then, like now, high-flying technology stocks were leading the way. And, in both instances, investors wondered how much longer the economy could avoid a recession after many years of growth.


 
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