Around the World's Markets: New York

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The Independent Online
THE DOW fell for a fourth day after economic reports left investors worried that the Federal Reserve will raise rates later this month. Internet shares were among those hardest hit. Retail sales rose in May at the strongest pace in three months and producer prices accelerated.

The Dow fell 130.76 points, or 1.2 per cent, to 10,490.51, for a week's loss of 2.9 per cent. The Nasdaq Composite dropped 36.5 points, 1.5 per cent, to 2,448 pulled lower by Microsoft and CMGI. The S&P 500 fell 9.15, 0.7 per cent, to 1,293.67.