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Thursday 11 November 1999 00:02 GMT

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NEW YORK

SHARES IN package delivery giant UPS jumped on their first trading day, offsetting worrying economic data. The flotation was the biggest in US history. The shares opened at $65, 30 per cent above their $50 issue price on Tuesday night. Next Level Communication tripled after the broadband system's flotation; it closed on Nasdaq at $63.

Overall, stocks were mixed after inflation data added to interest-rate fears. The Dow was down 18 at 10,598 at midday.

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