Wall Street higher but on track for deep weekly losses

The S&P 500 volatility index jumped again on the latest jawboning in the US-North Korea standoff.

About 15 minutes into trading, the Dow Jones Industrial Average had dropped to 21,947.15, down 0.5 percent from Wednesday's close, falling back below the 22,000 mark it first broke through on August 2.

In the first four days of the week, the Standard & Poor's 500 index swung from marking its latest record high to posting its biggest single-day drop in almost three months. The Nasdaq added 39.68 points, or 0.6 percent, to 6,256.56. However, three days of losses have pulled markets sharply lower for the week. The Korean won fell against the US dollar.

Stock movers: Henkel fell 3.4% after the maker of Schwarzkopf hair care products, Right Guard deodorant and Persil detergent posted second-quarter organic sales growth of 2.2%, which was below consensus of 3.2%, according to Investec.

SBI Q1 Profit Falls 20%, Bad Loans Situation Worsens
She said rationalisation of branches would result in an annual saving of Rs 1,160 crore for the bank over a period of time. Lower retail slippages and higher recoveries would lead to a reduction in retail NPAs, the bank said in a statement.

The last time the S&P 500 fell over 1 percent was on May. 17. The FTSE 100 index of leading British shares was 0.6 percent lower.

Materials, home to gold producers and other resource-based companies, was the only gainer among the index's 10 main sectors and was up 0.6 percent.

There were fewer signs of anxiousness in the markets Friday.

The price of gold, a universal safe haven asset, has risen almost 3 percent over the past four days, hovering at $1,290 per ounce, its highest since early June. It's still the highest it's been since May.

Tesla electric will test self-driving truck in Nevada
Tesla last hit the capital markets in March, raising close to $1 billion in convertible notes and almost $400 million in stock. Nevada officials confirmed the meeting with Tesla had occurred and said that Tesla had not applied for a license so far.

However, Federal Reserve Bank of New York President William Dudley suggested on Thursday that the central bank was on track to raise interest rates once more as he expects sluggish inflation to rise over the next several months.

The U.S. equity market is hovering near record levels and volume has been tepid following the onset of summer.

"This inflation data for the month was not good". The yield on three-year Treasurys fell 2.0 basis points to 1.804 percent and the return on benchmark five-year government bonds shed 2.0 basis points to 2.004 percent.

US crude oil tumbled 2% to $48.59/bbl, failing to hold above $50 as a report from OPEC showed crude production among the group's members rose in July.

Nemanja Matic makes incredible Romelu Lukaku prediction
Hopefully by the time the window shuts it all comes together, and then the club moves forward". Interestingly, he did not believe that Chelsea would be responsible for initiating the deal.

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 worldwide oils, declined 20 cents to $51.70 per barrel in London.

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