Around the World's Markets: New York

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COCA-COLA joined the list of companies warning that profits will not meet forecasts, while computer shares gained. Earnings growth expectations have just been too high and that means stocks are slightly overvalued, analysis said.

The Dow Jones average fell 19.82, or 0.2 per cent, to 8821.76, paring a 111-point loss. Coke was the biggest decliner in the average, which dropped for a fourth straight day. The Nasdaq Composite Index gained 13.35 to 2029.31.