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Korean shares end lower on foreign selling amid tensions over N. Korea
13 August 2017, 12:05 | Cesar Cruz
Tech companies lead broad slide in US stocks; oil rises
U.S. President Donald Trump told reporters at his golf club in Bedminster, New Jersey, on Thursday that he will respond forcefully to any North Korean attack on the U.S. or its allies.
USA stock indexes opened higher for the first time in four days on Friday after tepid data pointed to benign inflation that could make the Federal Reserve cautious about raising rates again this year, even as concerns lingered over rising tensions between the United States and North Korea.
"A pullback is good so the market doesn't get unidirectional".
"There was some skittishness earlier but then some buyers stepped in", he said.
The Nasdaq finished the day at 6,216.87, a slide of 135.46, while the S&P 500 lost almost 1.5 percent, ending the day at 2,438.21.
At the close trading in NY, the Dow Jones Industrial Average was down 204.69 points, or 0.9%, to 21,844.01, its biggest one-day fall since May 17.
The escalation provided an excuse for a selloff many investors consider overdue, some investors and analysts said.
Still, the S&P 500 is on track to post its biggest weekly loss in about nine months. "This is a normal fluctuation, it just seems so odd because we have hardly had any volatility", said Jim Paulsen, chief investment strategist at The Leuthold Group in Minneapolis.
The Chicago Board Options Exchange's Volatility Index, considered one of the best gauges of fear in the market, hit its highest level since May on Thursday.
Investors said the week's swings were as much a result of earnings as geopolitics. It slipped Friday but was up more than 50% for the week.
Freed hostage abandoned Christianity for Islam
The 42-year-old said his captors treated him better after he adopted Islam, giving him clothes, food and medication. He added that his captors thought that US President Donald Trump would draw more Muslims to fight against the West.
Retailers slid after department stores Macy's and Kohl's both said same-store sales continued to decline in the second quarter.
Disney dropped 4.5 percent after reporting a weak quarter and saying it would pull its movies from Netflix and start its own video streaming services.
The last time the S&P closed down more than 1 percent was May 17 when it fell 1.8 percent. On Thursday, fellow newly public company Blue Apron Holdings lost 18% after the meal-kit maker reported rising costs amid increased competition. The September copper contract was down two cents to $2.91 a pound.
Overall it has been a strong stretch for corporate profits.
The consumer price data, which pointed to weak inflation, could cause the Federal Reserve to hold off from raising rates again this year.
10-Year Treasury Yield 2.20% -0.03%.
A Labor Department report showed its producer price index posted a surprise drop in July, down 0.1% for the largest slide in nearly a year.
While gold, a safe-haven favourite, pared some gains it was last up 1.2 per cent at around its highest since mid-June, while the Swiss franc and the Japanese yen also rose.
Friday's report was the latest in a string of lackluster inflation readings, which have surprised many investors who had entered the year betting on an upsurge in economic growth and inflation.
Article 35A: J&K CM Mehbooba Mufti meets PM Modi
She further said all mainstream political parties will lose relevance in the Kashmir Valley if Article 35 (A) is done away with. After the meeting, Mehbooba Mufti said that she discussed host of issues including Article 35A with the Prime Minister.
Wall Street tumbles on North Korea worries
Labor Department is likely to report that initial jobless claims remained unchanged at 240,000 for the week ended August 5. In Europe, equities dived with London losing 0.6 percent, while Frankfurt shed 1.1 percent and Paris fell 1.4 percent.
FTSE 100 takes cover from war of words over South Korea
President Donald Trump said his earlier threat to unleash "fire and fury" on North Korea " maybe wasn't tough enough ". Anglo American (LON:AAL) is now leading other blue-chip miners lower, having shed 4.22 percent to 1,223.50p.
Ed Sheeran Probably Did Not Die in This Week's Game of Thrones
But one good thing is that most of the gold from the war has been shipped to King's Landing and can be returned to the Iron Bank . But the trailer teases one important moment in the show, one that could bring over a few revelations for the characters.
Paris Considers eSports for 2024 Olympic Games
Alongside ancient athletics like martial arts, the Paris Olympic bid committee will consider adding eSports to the 2024 program. The most successful eSports titles are multiplayer online battle arena ( MOBA ) games or first person shooters ( FPS ).
Christian Hackenberg gives Jets a ray of hope
Anderson, outrunning double coverage, made the grab over his left shoulder to land the Jets on the two-yard line. The highlight of the night was a perfectly-placed, 53-yard pass to Robby Anderson down the right sideline.
Kisner holds slim lead at Quail Hollow
This was followed by an additional four pars before a birdie on the 15th brought him back to level par for the tournament. He was forced to chip out and after eventually reaching the green, three-putted for an eight.
DET 12, MIN 11: Twins Lose Crazy Game on Walk-Off HR
Detroit doesn't have the bullpen to back him up while Berrios has still shown his ability to shut down lineups in recent starts. Twins starter Kyle Gibson allowed three runs, five hits and two walks in 4⅔ innings.