Around the World's Markets: New York

Wednesday 25 August 1999 23:02 BST

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WALL STREET was mired in early trading as banking stocks sunk after a profit warning from the nation's largest credit card issuer, Bank One.

But on the Nasdaq, stocks were trading higher, boosted by technology stocks, up on confidence that Tuesday's interest rate hike is the last one this year. The Dow Jones was down 82 points, or 0.72 per cent to 11,201.

The Nasdaq composite rose 9 points, or 0.34 per cent, to 2,761.

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