Around the World's Markets: NEW YORK

Tuesday 01 December 1998 00:02 GMT

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US STOCKS suffered their worst decline in two months, led by computer makers such as IBM and financial companies, as investors scaled back their expectations for fourth-quarter profits.

The Dow Jones Industrial Average fell 216.53, or 2.3 per cent, to 9116.55. IBM accounted for a tenth of the average's decline. The Standard & Poor's 500 Index declined 28.66, or 2.4 per cent, to 1163.63. The Nasdaq Composite Index, fell 66.90, or 3.3 per cent, to 1949.54.

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