Around the World's Markets: New York

THE DOW JONES retreated from Monday's record close, losing almost 1 per cent after Coca-Cola, the world's largest soft drinks company, unexpectedly warned of lower sales.

Coke, which issued its sales warning just minutes after the US market closed for trade on Monday, was one of the day's biggest fallers. By the early afternoon, its shares were down $2 5/8 at $62 3/16, helping to drag the Dow average down by 83.25 points to 9,923.53.