Around the World's Markets: New York

Thursday 10 June 1999 23:02 BST
Comments

SHARES fell with bonds on fears that tomorrow's reports on retail sales and wholesale prices will prompt the Federal Reserve to raise interest rates at the end of the month. The Dow recovered 95 points of a 164-point fall in the last half hour after Fed chairman Alan Greenspan said nothing about interest rates in a speech at Harvard University.

Computer shares and financial companies led declines on every major US index. The S&P 500 fell 15.82 to 1,302.82 and the Nasdaq lost 34.75 points to 2,484.60.

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