Around the World's Markets: New York
Wednesday 26 May 1999
The Dow Jones index slumped 123.58, or 1.2 per cent, to 10,531.09. "The major issue is interest rates,'' said one analyst. "Inflation and interest rates are basically anathema to high-priced stocks."
The Nasdaq index, packed with computer-related companies, tumbled 72.77, or 3 per cent, to 2,380.89, and is now down 10 per cent from its 26 April record.
- 1 Scottish referendum: So how about the English now being given a chance to split from England?
- 4 Matthew Miller: American sentenced to hard labour in North Korea 'wanted to be Snowden II'
- 5 Iranian blogger found guilty of insulting Prophet Mohammad on Facebook sentenced to death
Stamford Hill council removes 'unacceptable' posters telling women which side of the road to walk down
Kim Kardashian 'nude pictures' leaked on 4chan weeks after Jennifer Lawrence 'The Fappening' scandal
Isis in Syria: 60,000 Kurds flee terror in new exodus
Iranian blogger found guilty of insulting Prophet Mohammad on Facebook sentenced to death
4Chan naked photos leak: Celebrity Twitter reactions to the mass breach of privacy
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