Around the World's Markets: New York

Wednesday 04 November 1998 00:02 GMT

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STOCKS FELL for the first time in five days, led by computer-related shares, on concern that corporate profits growth does not justify further gains. Citigroup fell again after the departure of James Dimon, heir-apparent to the bank's top job.

The Dow Jones average fell 16.21 to 8,689.83 at midmorning. The S&P 500 fell 4.2 to 1,107.42, and the Nasdaq composite fell 18.69 to 1,782.54. Advancers and decliners were about even on the New York Stock Exchange.

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