Around the World's Markets: New York

Friday 21 May 1999 00:02 BST

Comments

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.

US STOCKS fell in the last hour of trading as investors shifted money from computer and semiconductor shares into utilities and smaller companies.

The Nasdaq slumped 28.53, or 1.1 per cent, to 2,548.87, led by Intel. IBM accounted for most of the Dow Jones's 20.65-point drop to 10,866.74. The Standard & Poor's 500 Index fell 5.40 to 1,338.83.

"It's a rotation from the old leaders into a broad list of stocks,'' said one analyst.

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: New York

Bookmark popover

Join our commenting forum

Thank you for registering