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Keeping Track ...

Stocking up

By CompiledElisabetta Coletti / July 6, 1999

Net new cash flows into stock mutual funds dipped in May. But investors piled $55 billion into stock funds in the three months from March to May. The May dip reflects investors' uncertainty in the stock market.

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Consumer confidence rose for the eighth straight month in June, up 0.99 percent. Such confidence has kept consumers spending, which gave rise to the Fed's concern about emerging inflation and led it to raise interest rates last week.