Wall Street tumbles on North Korea worries

US stocks fall in early trading amid US-North Korea tensions

US stocks fall in early trading amid US-North Korea tensions

KOREA JITTERS: With President Donald Trump warning North Korea of "fire and fury", investors have become concerned that the war of words between Washington and Pyongyang could spiral out of control.

Most of the reaction is to President Trump's warning on late Wednesday and North Korea's comment about exploring the idea of hitting USA territory Guam with a missile strike. With the sell-off on the day, the Nasdaq and the S&P 500 fell to their lowest closing levels in a month.

At 12:43 p.m. ET (1643 GMT), the Dow Jones Industrial Average was up 49.69 points, or 0.23 percent, at 21,893.7 and the S&P 500 was up 6.84 points, or 0.28 percent, at 2,445.05.

Other markets: Oil turned lower after the International Energy Agency said oil supply rose for a third month as compliance with an OPEC output deal faltered but prices have rebounded (http://www.marketwatch.com/story/oil-prices-head-lower-as-global-tensions-continue-unabated-2017-08-11) to edge up.

Gold fell $2.10 to $1,262.60 an ounce. The major index futures are now pointing to a modestly higher open for the markets, with the Dow futures up by 21 points. Economists had expected prices to rise by 0.2%. Core prices had also been expected to climb by 0.2%.

Keith Ellison Says Kim Jong Un 'Acting More Responsible' Than Trump
Engel suggested using "behind-the-scenes, quiet" diplomacy in order to solve the crisis with North Korea. Ahrens was not alone in his criticism, as many reactions on Twitter agreed.

Since the beginning of the verbal sparring between the United States and North Korea, the world equity markets have lost 1000 billions of dollars of capitalization, calculated by Reuters.

In an apparent response to Trump's tweet, a statement issued by North Korea's official KCNA news agency claimed the president is "driving the situation on the Korean peninsula to the brink of a nuclear war".

USA stocks rose on Friday as Wall Street clawed back from a sharp decline in the previous session, though geopolitical uncertainty continued to be the focus for investors, contributing to weekly declines.

But are investors really nervous about a possible military conflict with Kim Jong Un? Elsewhere, Germany's DAX has dropped 0.7% and London's FTSE 100 is off 1.1%, putting it in on pace for its biggest single-day percentage loss since April.

The market indexes wavered between small gains and losses for much of the morning, then veered lower by afternoon. Autodesk (ADSK) and Red Hat (RHT) posted notable gains.

Roger Federer vs. Robin Haase 2017 Rogers Cup Semifinal Pick, Odds, Prediction
Wozniacki has won five of six career meetings between the two, and they've all come in straight-set fashion. Federer makes another final. "A bit surprising, to be quite honest, because I hadn't practiced much".

Priceline Group slid 6.9 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 13.20 points, or 0.9 percent, to 1,396.95.

Japan markets are closed for the Mountain Day holiday. Netflix was down 1.8 per cent.

The major European markets are also extending a recent move to the downside.

Spot gold added 0.7 per cent to $1,285.70 an ounce. The yield on the 10-year Treasury note held steady at 2.26 percent. Banks and department store shares also were among the big decliners.

The Federal Reserve is also scheduled to release the minutes of its latest monetary policy meeting, which may shed some light on the outlook for the interest rates.

'Game of Thrones' and Its Ferocious Battle Scene from the Fourth Episode
Conversely, threatening the Lannister Army is probably an efficient way to destabilize Cersei, which is surely what Dany wants. Game of Thrones tends to make your pulse quicken - but now we know exactly which moments in the show are the most thrilling.

On Friday, fellow retailer J.C. Penney dropped 16% after its second-quarter loss exceeded expectations.

Recommended News

  • Taking a Fresh Look at Host Hotels & Resorts, Inc. (HST)

    A company with a hold recommendation generally is expected to perform with the market or at the same pace as comparable companies. The analysts wrote, "We reiterate our Neutral rating on HST and look for a more attractive relative NAV discount as entry point".
    Wawrinka met fin à sa saison

    Wawrinka met fin à sa saison

    Le tenant du titre de l'US Open tire donc un trait sur la défense de son trophée à Flushing Meadows . Le Serbe est pour sa part touché au coude droit.

    Grosse Pointe Woods-Shores Heading To Little League World Series

    The tournament is double elimination until the USA championship game on August 26 and the world title game on August 27. Grosse Pointe Woods-Shores used a big five-run top of the fifth inning to pull away from IL on Saturday.
  • Ton for Shikhar Dhawan, turn for Sri Lanka

    Ton for Shikhar Dhawan, turn for Sri Lanka

    Wridhiman Saha and Hardik Pandya were at crease with 13 and 1 respectively when stumps were drawn for the day. In doing so they took India past 400 in the 110th over, something that seemed unlikely at stumps on day one.
    Davinder Singh Kang Disappoints in Javelin Final, Finishes 12th

    Davinder Singh Kang Disappoints in Javelin Final, Finishes 12th

    In the men's javelin throw Final, India's Davinder Singh will also be seen in action tonight. Kang has a season's and personal best of 84.57m.
    Dramatic Photos: Violent Clash at White Nationalist Rally in Charlottesville

    Dramatic Photos: Violent Clash at White Nationalist Rally in Charlottesville

    Two people were killed after a helicopter crashed on Saturday seven miles southwest of Charlottesville , in the state of Virginia. Virginia state police identified the two officers who died in the helicopter crash as 48-year-old Lieutenant H.
  • North Korea Tensions Hit Global Stock Markets

    North Korea had responded to Trump's previous promise to unleash "fire and fury" with a threat to land a missile near the U.S. Declining issues outnumbered advancing ones on the NYSE 6-to-1; on Nasdaq, a 3.60-to-1 ratio favoured decliners.
    Gabriel Chundan lifts 65th Nehru Trophy

    Gabriel Chundan lifts 65th Nehru Trophy

    The air is thick with anticipation, as over a lakh spectators watch on eagerly from the pavilions on the banks. For women participants, the contest was opened up in the Thara and Kettuvalom categories.
    Dortmund say Barcelona target Ousmane Dembele remains suspended

    Dortmund say Barcelona target Ousmane Dembele remains suspended

    But his impressive performances - he scored six goals and provided 12 assists - have made him one of the hottest young properties in Europe.
  • Fear Index Jumps on North Korea Concerns; Dow, Nasdaq Drop Triple Digits

    Fear Index Jumps on North Korea Concerns; Dow, Nasdaq Drop Triple Digits

    Lower-than-expected CPI data will be bullish for gold because it will reduce the chances of a Fed rate hike later this year. Inflation has risen 1.7% over the past 12 months, suggesting that inflation pressures remain well under control.
    Wall St falls on ramp-up of U.S.  tension with N. Korea

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

    Dillard's slumped 15.5 percent after the chain booked a loss for the second quarter as increased inventory led to big discounts. Stocks saw some strength during trading on Friday, regaining ground following the sell-off seen in the previous session.
    Trump White House to look into China's trade practices

    Trump White House to look into China's trade practices

    Trump, in the past, has tied trade policy to national security. "The results are there for all to see". The launch of the investigation is later than originally expected , and the timing is significant.

We are pleased to provide this opportunity to share information, experiences and observations about what's in the news.
Some of the comments may be reprinted elsewhere in the site or in the newspaper.
Thank you for taking the time to offer your thoughts.