Around the World's Markets: New York

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The Independent Online
UNEXPECTEDLY strong results from IBM, the world's largest computer company, took Wall Street to new highs yesterday.

By midday, the Dow Jones average was trading 102 points higher at 10,684, having earlier in the session broken through the 10,700 barrier for the first time. IBM, which soared more than $23 to $195 11/16, accounted for almost all the Dow's gain.

The IBM profit report also benefited the Nasdaq, the US benchmark hi- tech index, which was trading 2 per cent up at 2,538.