Around the World's Markets: New York

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US STOCKS fell for a second day, led by IBM after it reported earnings that fell short of the most optimistic forecasts.

The Dow Jones Industrial Average fell 143.41, or 1.6 per cent, to 9120.67. IBM fell $17 to $180, accounting for half of the Dow's decline.

The Standard & Poor's 500 Index dropped 9.97 to 1225.19. The Nasdaq Composite Index slipped 5.84 to 2338.88, paring a 40-point drop as Internet shares rebounded from two days of losses.