Around the world's markets: New York

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The Independent Online
WALL STREET extended its retreat from Tuesday's intra-day busting of the psychologically important 10,000 barrier. The Dow came off in morning trading, falling 0.6 per cent to 9,877 by 1.30pm New York time. Nasdaq was also weak.

Financial stocks fell in spite of research from Lehman brothers predicting an improvement in earnings in 1999. They were followed by technology stocks which slipped slightly in early trade. News Analysis, page 23