Around the World's Markets: New York

Thursday 26 November 1998 00:02 GMT

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US STOCKS were mixed amid concern that the market's surge over the past six weeks, the second-fastest recovery from a bear market since World War Two, wasn't supported by the outlook for corporate profits.

The Dow Jones Industrial Average fell 14.67 to 9286.48 in early afternoon trading, extending Tuesday's 73-point loss, after bursting higher on Monday to a new all-time high of 9374.27 that capped off a seven-week run that erased a 2,000 point plunge during the late summer.

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