North Korea Has Markets Nervous But Not Panicked

"When investors are optimistic to the extreme, it means that most of their money is already in the market and there's no more money coming in", Bruce Bittles, chief investment strategist at Robert W. Baird & Co in Sarasota, Florida.

USA indexes opened lower for the third straight day on Thursday as North Korea's threat to land a missile just short of the US territory of Guam added fuel to simmering tensions with the United States.

The Dow Jones industrial average lost 50 points, or 0.2 percent, to 22,032.

Macy's shares closed down 10.2 percent and Kohl's fell nearly 6 percent as the companies continued to report a drop in quarterly same-store sales, stoking concerns that their turnarounds may still be a long way off. The yield on the 10-year Treasury note held steady at 2.26 percent.

United States stocks tumble on North Korea worries
Earlier on Thursday, North Korea revealed a plan to launch ballistic missiles toward a major USA military hub in the Pacific. The Labor Department said its consumer price index inched up by 0.1 percent in July after coming in unchanged in June.

ASIA'S DAY: Earlier, Asia bore the brunt of the mounting geopolitical uncertainty, with South Korea's Kospi index closing down 1.7 percent at 2,319.71 and Hong Kong's Hang Seng ending 2 percent lower at 26,883.51.

A statement from the North Korean military called President Donald Trump's warning that the communist nation would face "fire and fury" if it continued its provocations a "load of nonsense".

With all the good news around oil, it's tough to believe West Texas Intermediate fell 2 percent on Thursday.

Second-quarter earnings have been stronger than expected with analysts now expecting S&P 500 earnings to have expanded 11.8 percent, compared with 8 percent at the start of July, according to Thomson Reuters I/B/E/S.

Moto X4 press renders leaked after the FCC listing
It's unknown whether all of these features will come to the Moto X4 but it's likely several of these will. A dual-camera setup is found in back featuring both a 12MP sensor and an 8MP wide angle sensor.

Michael Kors climbed 21.5 percent after the luxury handbag and apparel designer and retailer's latest quarterly results beat analysts' forecasts as sales improved.

But the S&P Bank sub-sector.SPXBK fell 0.7 percent on dimming prospects of another rate hike this year since higher rates tend to boost bank profits. Retail stocks have taken a hit this year, with the SPDR S&P Retail ETF dropping 6.2 percent in the period as investors fear further market gains from Amazon.com.

OIL: Benchmark U.S. crude lost 24 cents to $48.37 per barrel on the on the New York Mercantile Exchange while Brent crude, used to price global oils, declined 20 cents to $51.70 per barrel in London. Each fell at least 1.4%. The September copper contract was down two cents to US$2.91 a pound.

United States trading volume has been low with summer setting in and Congress expected to be in recess until September 5. The euro slid to $1.1752 from $1.1793.

Markets Right Now: Stocks drop, led by technology companies
After an hour of trading, the FTSE was down 46.18 or 0.6% to 7,451.88, with the FTSE 250 down 0.1% to just over 19,854. The market indexes wavered between small gains and losses for much of the morning, then veered lower by afternoon.

Overseas markets were also lower Wednesday. Britain's FTSE 100 added 0.1 percent. Early Friday, the ICE Dollar Index was up just 0.04% to 93.437. Nevertheless, APRN is down 12.7% in pre-market trading, headed for a record low. Economists polled by MarketWatch are forecasting a 0.2% monthly rise for both measures, after flat reading the prior month.

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