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To: pallmer who wrote (4359)	12/27/2002 4:17:19 PM
From: pallmer	Respond to of 29599

-- U.S. stocks fall as North Korea sparks new concern -- (Updates to 4 p.m. close) NEW YORK, Dec 27 (Reuters) - Stocks fell on Friday, sending the Dow to a two-month low, as North Korea's decision to expel U.N. nuclear inspectors sparked concerns about possible conflict on two fronts. North Korea said on Friday it was expelling U.N. inspectors monitoring a reactor that could turn out plutonium for atomic bombs, prompting fresh U.S. demands for the secretive communist state to scrap its renewed pursuit of a nuclear arsenal. "We have enough to deal with, with terrorism and Iraq. North Korea brings us one step further from global stability, said Peter Boockvar, equity strategist at Miller Tabak & Co. "It's one reason why people don't want to venture into stocks." Stocks fell across the board, with only one stock -- AT&T Corp. <T.N> -- rising among the 30-share Dow Jones industrial average. Among decliners, Exxon Mobil Corp. <XOM.N> fell 68 cents to $34.64, even on a day when world oil prices touched fresh two-year highs. The Dow Jones industrial average <.DJI> closed down 128.83 points, or 1.53 percent, at 8,303.78, according to the latest figures. The Dow had scraped 8,275 on Oct. 17 for its previous closing low. The broader Standard & Poor's 500 Index <.SPX> fell 14.24 points, or 1.6 percent, at 875.42. The technology-laced Nasdaq Composite Index <.IXIC> declined 19.43 points, or 1.42 percent, at 1,348.46. ((Reporting by Herbert Lash; editing by Gary Hill; Reuters Messaging: herb.lash.reuters.com@reuters.net; 646-223-6019)) ((Xtra clients: Click on topnews.session.rservices.com to see Top News pages in multimedia Web format. If you cannot access the pages, ask your IT department to check your Internet firewall settings. For a technical advisory, click on <C9991>)) (C) Reuters 2002. All rights reserved. Republication or redistribution of Reuters content, including by caching, framing or similar means, is expressly prohibited without the prior written consent of Reuters. Reuters and the Reuters sphere logo are registered trademarks and trademarks of the Reuters group of companies around the world. nN27394453 .N Symbols: US;T US;XOM US;SPX CA;ATNT US;COMP US;SPL US&DJI 27-Dec-2002 21:00:18 GMT Source RTRS - Reuters News