Dow slips 52.5

NEW YORK - Stocks continued their slide today as investors remained unsettled by growing expectations that the Federal Reserve will raise interest rates at least once more this year. The Dow Jones industrial average was down 52.55 at 10,655.15. The blue-chip index had been down as much as 158 at one point.

Broader stock indicators also fell, although they mirrored the Dow and inched back from steep early losses. At one point today, the Standard & Poor's 500 index fell 10 percent below its record high, set July 16. The Nasdaq is more than 10 percent below its peak, a decline that Wall Street considers a correction. The Standard & Poor's 500 ended the day down 16.37 to 1,281.43 and the Nasdaq composite index lost 28.87 to 2,490.11.

Decliners beat advancers by a 3-to-1 margin on the New York Stock Exchange, with 2,305 down, 764 up and 463 unchanged. NYSE volume totaled 837.20 million shares vs. 681.29 million yesterday. The NYSE composite index fell 7.09 to 603.37 and the American Stock Exchange composite index fell 7.10 to 770.77. The Russell 2000 index of smaller companies fell 3.07 to 422.82.

The 30-year U.S. Treasury bond slipped 3/32 point, or 94 cents per $1,000 face amount, to 86 22/32. Its yield rose 1 basis point to 6.24 percent, and earlier reached 6.26 percent - the highest since Oct. 28, 1997.

The higher yields on bonds are presenting an attractive, less volatile alternative to stocks.

The Dow has held up slightly better as investors gravitate toward large, well-established names, but has dropped 4.9 percent from its record high.