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Article: RELIEVED TRADERS BUOY DOW STOCK INDEX RISES 179 POINTS; STARR'S CLINTON REPORT NOT `AS BAD AS WHAT COULD'VE BEEN'.(Business)
- Article from:
- Rocky Mountain News (Denver, CO)
- Article date:
- September 12, 1998
CopyrightCOPYRIGHT 1998 Rocky Mountain News. All rights reserved. Reproduced with the permission of Dialog LLC by Gale Group. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Rocky Mountain News Wire Services
NEW YORK -- Stocks rose Friday after traders found no surprises in independent counsel Kenneth Starr's report on the White House sex and perjury scandal.
``The market is saying, `Whatever is in that report, it's not as bad as what could've been,' '' said Dan Mathisson, head trader at D.E. Shaw Securities. ``It looks as though Clinton's chances of staying in office have improved. Investors want to see stability, so what's good for Clinton is good for the market.''
The gains followed two sessions of losses as investors braced themselves for the report's publication Friday afternoon.
``It's the ...