Around the World's Markets: New York

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The Independent Online
WORRIES about the outcome of the Kosovo campaign led investors to take profits ahead of the Easter holiday. A higher-than-expected figure for the Chicago Purchasing Managers' index also unsettled shares, prompting inflation fears, and at midday the Dow was 16 points lower at 9,897,52.

Philip Morris and RJR Nabisco eased after the legal verdict against Philip Morris. The Nasdaq was 12 points higher, however, at 2,492.29, supported by demand for technology shares, with America Online up $5.75 at $150.5.