Around the World's Markets: New York

Thursday 10 September 1998 23:02 BST

Your support helps us to tell the story

From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.

At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.

The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.

Your support makes all the difference.

CONCERN ABOUT the future of beleaguered US President Bill Clinton and deepening worries about the impact of emerging market losses on the health of the banking sector sent US stocks reeling. Investment banking stocks led the fallers.

Merrill Lynch's admission that it had lost heavily in emerging markets came as a shock in some quarters. The stock has plunged 44 per cent. Downbeat statements from Procter & Gamble contributed to the falls. The Dow was down 265.7 at 7599.3 at midday.

Join our commenting forum

Join thought-provoking conversations, follow other Independent readers and see their replies

Comments

Stay up to date with notifications from The Independent

Thank you for registering

Around the World's Markets: New York

Join our commenting forum

Thank you for registering