Around the World's Markets: NEW YORK

Thursday 24 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.

SHARE PRICES closed sharply lower on profit-taking after yesterday's sharp gains, amid concerns that the failure of the hedge fund Long-Term Capital Management may be the tip of an iceberg of derivative-based losses. The Dow Jones closed down 152.42 points at 8,001.99. The Nasdaq shed 39.93 points to close at 1720.34.

The rout erased much of Wednesday's 257 point gain in the Dow when Federal Reserve chief Alan Greenspan stoked hopes that interest rates might be cut soon.

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