Around the World's Markets: New York

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TECHNOLOGY stocks moved up yesterday, led by strong gains in Microsoft after it declared a stock split. But blue chips fell, hit by worries about corporate earnings figures and the economic difficulties in Brazil.

In morning trading the Dow Jones average was down 32 points, or 0.34 per cent, to 9,088, off its earlier lows. By contrast the Nasdaq Composite index, the barometer of technology stocks, rose by 4.41 points, or 0.19 per cent, to 2,343.29.