Around the World's Markets: New York

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THE DOW Jones Industrial Average fell 30.72 points - 0.3 per cent - to 11,167.73 following comments by Alan Greenspan, chairman of the US Federal Reserve, that accounting policies made valuing shares tricky.

"He clearly has expressed concerns about the speculation in the stock market," said one analyst.

The high-technology Nasdaq index fell 9.19, or 0.3 per cent, to 2,765.43. Software companies led the fall.