1/24/97 -- 4:08 PM

Wall Street 355pm,0066

NEW YORK (AP) - Stocks fell sharply today, extending Thursday's late selloff, as interest rates jumped toward their highest level in nearly four months in the bond market.

Just before the close on Wall Street, the Dow Jones industrial average was down about 60 points, having nearly erased a 93 1/2-point slide before turning lower again over the last hour.

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