North Texans With Family Serving in Guam Ask for Prayers

US stocks close lower, ending Dow's 10-day winning streak

US stocks close lower, ending Dow's 10-day winning streak

The Russell 2000 index of smaller-company stocks gave up 8 points, or 0.6 percent, to 1,401.

The South Korean won also faltered 0.9 per cent to its lowest close since July 13, standing at 1,135.2 to the United States dollar at the conclusions of onshore trade.

At 9:38am ET (1338 GMT) the Dow Jones Industrial Average was down 85.43 points, or 0.39%, at 21,963.27, and the S&P 500 was down 10.31 points, or 0.42% at 2,463.71.

But while most traders appeared to favor safe-haven assets, bargain seekers helped Wall Street's three major indexes pare the day's earlier losses. The Nasdaq composite lost 0.2 percent, to 6,370.46. The company's stock dropped $4.15, or 3.88 per cent, to $102.83.

Last month, in another show of force, the U.S. twice flew a pair of supersonic bombers that took off from Guam over the Korean peninsula after two North Korean tests of intercontinental ballistic missiles.

Officials from the South Korean presidential office earlier insisted the North Korean threat may have been aimed at multiple objectives, including causing the kind of confusion and chaos now seen in both South Korea and the United States, which in turn may weaken the alliance between the two, rather than signaling its actual or imminent armed provocation. Aside from the geopolitical drama, investors are digesting a rise in the U.K.'s trade deficit in June, as well as disappointing housing data for the region in July.

ST Ives PLC (SIV) Receives Buy Rating from Peel Hunt
On July 27 the stock rating was downgraded to "Market Perform" from "Outperform" in a statement from Leerink Swann. As of quarter end Fny Managed Accounts LLC had disposed of a total of 2,952 shares trimming its holdings by 89.5%.

"Right now the market is viewing it as a lot of saber-rattling and a lot of smoke, but not much fire", said Darrell Cronk, president of Wells Fargo Investment Institute.

-North Korea tension also weighed on the Canadian dollar, which weakened against its US counterpart, despite higher oil prices and stronger-than-expected domestic housing data.

Guam Governor Eddie Calvo downplayed North Korea's threat to attack his Pacific island state but said the U.S. territory was "prepared for any eventuality" in a televised speech Wednesday as tensions escalate in the region.

Bombers "deployed from Guam frequently come flying in the skies over South Korea and explicitly carry out drills for actual war", Pyongyang said in its recent statement, calling Guam "the United States' outpost and starting base for invasion". Gold and bond prices were headed higher. But the moves were modest. Gold hit a two-month high of US$1,278 an ounce amid the nervousness.

The Standard & Poor's 500 index fell 10 points, or 0.4 percent, to 2,463.

While the tough talk about the potential for war is scary, investors have heard it many times before.

Microsoft Corporation Target of Unusually High Options Trading (NASDAQ:MSFT)
Morningstar, Inc. reaffirmed a "buy" rating on shares of Microsoft Corporation in a research report on Wednesday, June 28th. Magee Thomson Invest Prtn Limited Liability Corp reported 5.21% of its portfolio in Microsoft Corporation (NASDAQ: MSFT ).

It said the Korean People's Army Strategic Force will finalize the plan by mid-August, present it to Kim Jong Un and "wait for his order".

Priceline Group slid 6.9 percent after the online travel booking service issued a profit forecast that was weaker than analysts were expecting. Netflix lost 1.5 per cent.

"We would now be careful with a whiff of risk aversion in the air and, by extension, also stay away from shorts in the rates market", RBC's global macro strategist Peter Schaffrik said.

Elsewhere in commodities, the September crude contract was up 39 cents to $49.56 per barrel, September natural gas advanced six cents at $2.88 per mmBTU and the September copper contract declined two cents at $2.93 a pound.

Oil prices rose after a report showed USA refineries processed record amounts of crude in the latest week, eating into inventories.

Revenue Approximations Analysis: Energy Transfer Equity, LP (ETE), Halliburton Company
The pipeline company reported $0.18 earnings per share for the quarter, missing the Zacks' consensus estimate of $0.25 by $0.07. The rating scale runs from 1 to 5 with 5 indicating a Strong Sell, 1 indicating a Strong Buy and 3 indicating a Hold.

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