World Markets: New York
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.US STOCKS fell as investors found no reason to buy after eight days of gains in the Dow Jones. The Dow average fell 46.34 to 9,274.64, after gaining 530 points since 16 December.
Merck & Co, which is up 40 per cent for the year, Lucent Technologies, up 172 per cent, and Microsoft, up 115 per cent, led the decline.
"Investors have recognised that some large stocks may be overvalued,'' said one analyst. The Nasdaq fell 14.82 to 2,166.95, retreating from an all-time high of 2,196.64.
Join our commenting forum
Join thought-provoking conversations, follow other Independent readers and see their replies
Comments