Around the World's Markets

Thursday 28 January 1999 00:02 GMT

Your support helps us to tell the story

From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.

At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.

The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.

Your support makes all the difference.

NEW YORK

US STOCKS fell, led by bank shares, after First Union Corp warned that its earnings would not meet analysts' expectations.

"Anytime you have an industry leader reporting a negative surprise, that has a ripple effect for the industry,'' said one analyst.

The Dow Jones dropped 124.35 points, or 1.3 per cent, to 9,200.23. The tech-laden Nasdaq index fell 25.93 points to 2,407.22, led by Microsoft and Intel, after hovering close to flat for most of the day. The Standard & Poor's 500 index fell 9.12 to 1,243.19.

Join our commenting forum

Join thought-provoking conversations, follow other Independent readers and see their replies

Comments

Stay up to date with notifications from The Independent

Thank you for registering

Around the World's Markets

Join our commenting forum

Thank you for registering