Stay up to date with notifications from The Independent

Notifications can be managed in browser preferences.

Around the World's Markets

NEW YORK

Friday 06 August 1999 00:02 BST
Comments

THE DOW reversed an early 100-point fall to end up 119 at 10,794, led by IBM on reports it has developed a faster way to store information. News that pay rises far outstripped productivity gains in the second quarter revived fears the Federal Reserve would raise US rates this month.

Meanwhile, the White House said it had nominated Caroline Parry, a former vice-president at Chase Manhattan and an expert on community lending, to the seven-seat Fed Board.

Join our commenting forum

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

Comments

Thank you for registering

Please refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged in