Around the World's Markets: NEW YORK

Thursday 17 December 1998 00:02 GMT

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US STOCKS fell after Minnesota Mining & Manufacturing became the 10th member of the Dow Jones Industrial Average to warn that earnings will not meet expectations. The market pared losses on the prospect that the bombing of Iraq would delay a congressional vote on whether to impeach President Bill Clinton.

The Dow fell 32.70 to 8790.60, rebounding from an 82-point drop. The Standard & Poor's 500 dropped 0.88 to 1161.95. The Nasdaq Composite lost 2.36 to 2010.24.

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