Around the World's Markets: New York

STOCKS FELL, led by computer shares, after the Fed Chairman Alan Greenspan warned that the economy is slowing, raising concern that corporate profits will suffer. Dell, Microsoft and Cisco Systems dragged the Nasdaq index to its seventh drop in eight days. The index has lost a quarter of its value since 20 July.

The Dow Jones struggled to hold any measurable gains amid continuing nervousness about the economy, surrendering a 115-point gain to stand down 1.29 at 7741.7 in early afternoon trading.