Around the World's Markets: New York

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The Independent Online
US SHARES opened lower, with stronger-than-expected data on manufacturing and incomes sparking concern about interest rate rises.

However, shares began to claw back ground, with gains in banks and brokerages offsetting losses elsewhere. By mid-afternoon the Dow Jones was trading 27.16 points up at 9,333.74. The Nasdaq composite was up 9 points at 2,297.08.

The robust economic data undermined the bond market.