USA stocks fall as North Korea worries rise

Retail earnings and North Korea tensions drive Wall Street

Retail earnings and North Korea tensions drive Wall Street

Declines in US stocks accelerated Thursday, a pullback that many investors and analysts said was overdue with indexes at highs and volatility at record lows.

Barrick Gold Corp rose 2.3 per cent to C$21.74 as the price of gold, a safe-haven asset, reached its highest levels in two months.

President Donald Trump told North Korea on Friday that the US military was "locked and loaded", while Pyongyang accused him of driving the Korean peninsula to the brink of nuclear war.

The Standard & Poor's 500 index fell 7 points, or 0.3 percent, to 2,467 as of 10:19 a.m.

The influential financial stocks were among the biggest drags on the index, with Royal Bank of Canada down 1.5 percent to C$92.88, and Manulife Financial Corp falling 4.7 per cent to C$24.43, its largest drop since early August previous year.

US stocks slip amid heightened US-North Korea tensions
The S&P 500 gained 6 points, or 0.2%, to 2,444, supported by gains in consumer-discretionary, technology and health-care sectors. Australia's S&P/ASX 200 edged down almost 0.1 percent to 5,760.90, while South Korea's Kospi fell 0.5 percent to 2,357.84.

On Thursday, the three major USA indexes logged their worst performances since mid-May (http://www.marketwatch.com/story/us-stocks-set-up-for-another-day-of-losses-as-north-korean-tensions-simmer-2017-08-10) in a session dogged by geopolitical concerns.

The Dow Jones Industrial Average .DJI closed down 204.69 points, or 0.93 per cent, at 21,844.01, the S&P 500 .SPX lost 35.81 points, or 1.45 per cent, to end the session at 2,438.21 and the Nasdaq Composite .IXIC fell 135.46 points, or 2.13 per cent, to 6,216.87. Nasdaq-100 futures shed 13.75 points, or 0.2%, to 5,776.

Nordstrom Inc.(JWN) shares rose 1.6% after the retailer late Thursday posted earnings that beat expectations (http://www.marketwatch.com/story/nordstrom-shares-rise-after-retailer-tops-views-sales-rise-2017-08-10), along with a sales rise.

BAD TRIPS: Priceline Group slid 8.1 percent after the online travel booking service issued a profit forecast that was weaker than analysts were expecting. The Russell 2000 index of smaller-company stocks gave up 14 points, or 1 percent, to 1,382. Gold fell sharply, taking out last week's low after the release of the job openings report.

MARKETS OVERSEAS: In Europe, Germany's DAX was down 1.1 percent, while France's CAC 40 fell 1.4 percent.

TalkTalk fined for exposing customers to scam risk
Fraudsters had breached maintenance visits data in order to convince customers to allow them remote access to their computers. But that's not to say the cybersecurity incidents did not have consequences for TalkTalk.

Damage for the week: The days of verbal sparring between Washington and Pyongyang looks set to bruise weekly performances for the major US indexes. Core prices had been expected to rise by 0.2%. Tokyo's Nikkei 225 tumbled 1.3 percent, while Seoul's Kospi fell 1.1 percent.

But financial markets were jolted out of their period of calm this week after tensions between North Korea and the USA escalated, and several earnings releases disappointed. The strength in the sector comes as gold for December delivery is jumping $11.30 to $1,290.60 an ounce.

OIL: Benchmark U.S. crude gained 4 cents to $49.60 a barrel on the New York Mercantile Exchange.

Looking to commodities, oil prices eked out gains in early trade, however sentiment was capped as concerns linger over OPEC's ability to rein in supply.

CURRENCIES: The dollar slipped to 109.35 yen from 109.85 late Wednesday. The euro slid to $1.1714 from $1.1752.

Fight against terror in Britain 'will last another 25 years'
I think we are going to be facing 20 to 30 years of terrorist threat and, therefore, we need, absolutely critically, to persevere ", Evans told the BBC .

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