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<a href="http://www.accessmylibrary.com/article-1G1-108470102/gold-technology-funds-led.html" title="Facts and information about Gold, Technology Funds Led Q3 Sector Fears And Hopes.(SERIES: MUTUAL FUND QUARTERLY)(IBD SPECIAL REPORT)">Gold, Technology Funds Led Q3 Sector Fears And Hopes.(SERIES: MUTUAL FUND QUARTERLY)(IBD SPECIAL REPORT)</a>
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Gold, Technology Funds Led Q3 Sector Fears And Hopes.(SERIES: MUTUAL FUND QUARTERLY)(IBD SPECIAL REPORT)
Byline: PAUL KATZEFF
An ongoing rally came to a halt late in the third quarter. The tech sector staged the biggest retreat.
The markets were reacting to mixed economic news. GDP rose 3.3% in Q2, faster than expected.
But investors glommed onto negatives such as OPEC's cut in oil output and a dive in the dollar after a G-7 finance ministers' meeting. Another blow came from a report that durable goods orders fell unexpectedly the previous month.
But by month's end, tech funds were still ahead 10.54% for the quarter, says Lipper Inc. Tech gained 37.44% for the year.
Gold funds were up 24.87% for the quarter and 26.40% for the year.
Real estate funds grew 9.40% in the quarter, 24.50% for the year.
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