World Shares Retreat On Trump Tariffs Order

MANILA, Philippines (AP) — World shares are lower after choppy trading on Wall Street that saw more losses and as investors assess President Donald Trump’s order imposing new tariffs on 68 countries and the European Union starting in seven days. On Wall Street on Thursday, stocks capped the trading day with more losses after an early big tech rally faded and a health care sector pullback led the market lower. The benchmark index, which is just below the record high it set on Monday, notched a 2.2% gain for the month of July and is up 7.8% so far this year. The Dow Jones Industrial Average lost 0.7%, and the Nasdaq composite closed less than 0.1% lower.