Wall St falls on ramp-up of U.S. tension with N. Korea

While you were sleeping: Dow plummets 205pts as Trump inflames Korea tension

While you were sleeping: Dow plummets 205pts as Trump inflames Korea tension

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. The Dow Jones industrial average slid 36.64 points, or 0.2 percent, to 22,048.70.

Stock movers:Nordstrom Inc.(JWN) shares earlier rose after the retailer posted earnings that beat expectations (http://www.marketwatch.com/story/nordstrom-shares-rise-after-retailer-tops-views-sales-rise-2017-08-10) but the stock is trading mostly flat. Biotech companies Celgene and Amgen lost 3.8 percent and 2.6 percent, respectively. That's the index's lowest level in two months.

Materials, a sector that includes gold producers and other resource-based companies, was the lone gainer among the index's 10 main sectors, rising 0.7 per cent.

Stocks saw some strength during trading on Friday, regaining ground following the sell-off seen in the previous session. The stock has more than doubled over the past 12 months, gaining more than 160%.

Stocks drop as Korea tension saps mood
While gold, a safe-haven favorite, pared some gains, it was last up 1.2 percent, at around its highest since mid-June. Perrigo was up 9.5 percent after the company raised its full-year adjusted earnings forecast.

But while investors appeared to favor safe-haven assets, some bargain seekers helped Wall Street's three major indexes pare losses and some USA officials sought to dial back tensions.

"If the USA and South Korea carry out strikes and try to overthrow the North Korean regime and change the political pattern of the Korean Peninsula, China will prevent them from doing so", the editorial's authors said.

Markets began to tumble Tuesday after President Trump promised North Korea will face "fire and fury like the world has never seen" if the country continues to threaten the US. Trump's comments followed reports that the North has mastered a technology needed to strike the United States with a nuclear missile. But the moves were modest. While the German DAX Index closed just below the unchanged line, the U.K.'s FTSE 100 Index and the French CAC 40 Index both tumbled by 1.1 percent. The yield on the 10-year Treasury note held steady at 2.26 percent.

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

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"If the market truly believed the North Korea reaction was imminent, I think it would be down a lot more than it is", said Alan Skrainka, chief investment officer at Cornerstone Wealth Management.

Beyond geopolitical concerns, investors continued to size up company earnings reports. The stock lost $2.36, to $20.67. Dillard's slumped 15.5 percent after the chain booked a loss for the second quarter as increased inventory led to big discounts. South Korea's Kospi also suffered a loss, giving back 0.4%.

OIL: Benchmark U.S. crude gained 13 cents to $49.69 a barrel on the New York Mercantile Exchange.

In commodities, oil prices slid on doubts over whether OPEC production cuts are draining a global supply glut.

Trexquant Investment LP Has $604000 Position in Henry Schein, Inc. (HSIC)
The value of the investment in HSIC went from $22,232,000 to $22,209,000 a change of $23,000 for the reporting period. Investors might also notice that two months ago the Buy recommendations (0) were less than Sell recommendations (0).

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