Business

US stocks slip amid heightened US-North Korea tensions

US stocks slip amid heightened US-North Korea tensions

"We also have to recognize, though, as much as there is a tendency in the USA media to say the young ruler is crazy or not to be trusted or insane...look, he's unpredictable, but he hasn't launched a strike against Japan."The rhetoric of a strike at Guam we should be skeptical about", Kennedy added". The Dow lost 36 points or -0.17%, the S&P 500 slipped just -0.04% and Nasdaq fell -0.28%.

The Standard & Poor's 500 index fell 8 points, or 0.4 percent, to 2,466 as of 2:45 p.m.

The Nasdaq composite lost 13.31 points, or 0.2%, to 6,370.46.

Trump had told North Korea to not "make any more threats" to the US or the country "will be met with fire and fury like the world has never seen". Also, the figures and forecasts of vehicle rental company Avis were disappointing and that share trimmed 10 percent.

SeaWorld Entertainment slid 6.2 percent after the theme park operator reported second-quarter revenue that fell short of Wall Street's expectations. Humana rose $3.59, or 1.4 percent, to $253.81.

Meanwhile, gold stocks bucked the downtrend, driving the NYSE Arca Gold Bugs Index up by 1.3%.

Separately, U.S. producer prices unexpectedly fell in July, recording their biggest drop in almost a year, weighed down by declining costs for services and energy products. As a result, the yield on the benchmark ten-year note, which moves opposite of its price, fell by 2.9 basis points to 2.212%. Netflix lost 1.5 percent. European stocks (http://www.marketwatch.com/story/european-stocks-fall-as-caution-over-geopolitical-tensions-linger-2017-08-10) were also in the red.

METALS: Gold, a traditional safe haven play, added $16.70, or 1.3 percent, to settle at $1,279.30 an ounce.

More news: Dow slips 100 points as tensions with N.Korea escalate
More news: Jemma Lucy to show real her in CBB
More news: Man Utd Turned Down Isco In 2013 For An Extraordinary Reason

Data showed the number of Americans filing for unemployment benefits unexpectedly rose last week, but the underlying trend remained consistent with a tightening labor market. The FTSE 100 index of leading British shares declined 0.6 percent.

USA crude CLcv1 rose 1.08 percent to $49.70 per barrel and Brent LCOcv1 was last at $52.78, up 1.23 percent on the day.

The stock market jitters came as North Korea outlined plans to launch missiles aimed at the waters off the coast of the US Pacific territory of Guam.

In currency markets, the Canadian dollar was trading at an average price of 78.71 cents United States, down 0.20 of a USA cent. U.S. bond prices also rose while gold closed at its highest for the week up 1.52% to $1281.

Internet, computer hardware, retail, and financial stocks are also seeing considerable weakness, moving lower along with most of the other major sectors.

The dollar was steady at 110.030 yen after going as low as 109.560 overnight, its weakest in eight weeks.

Against the Swiss franc EURCHF=EBS, it fared slightly better and was broadly flat on the day at 1.1319 francs per euro.


  • To appeal six-game suspension

    To appeal six-game suspension

    The potential loss will be greatly felt on a team that went 13-3 last season and leaned heavily on Elliott's game. He was never arrested and prosecutors declined to charge Elliott, citing conflicting and inconsistent information.
    How to survive a nuclear attack, explained by Guam officials

    How to survive a nuclear attack, explained by Guam officials

    North Korea warned that they are finalizing a plan to fire four Hwasong-12 missiles over Japan and into waters around Guam. It's not the first time North Korea has threatened Guam, which is a crucial, strategic hub for US forces in the Pacific.
    IPhone 8 Launch Delayed? Report Says It'll Be November

    IPhone 8 Launch Delayed? Report Says It'll Be November

    But this year, developers have been given clues after HomePod firmware, which runs on iOS , was accidentally released . Late past year , Tai said: "The iPhone has been evolving and now it is switching from LTPS to OLED panel".
  • Kenyans run for cover as day after vote erupts

    Kenyans run for cover as day after vote erupts

    Three others were killed yesterday according to Nairobi city police Chief Japheth Koome. Secretary of State John Kerry describing the elections as free, fair and transparent.
    Smugglers throw migrants in Yemen Sea, 5 die, 50 missing

    Smugglers throw migrants in Yemen Sea, 5 die, 50 missing

    About 42 of the migrants are expected to have survived, 27 of them were still present when IOM staffers arrived at the beach. Numerous boat's passengers were teenagers. "Some may not have had much strength to make it alive to the shore", she said.
    Stephen Colbert to Interview Scaramucci Next Week

    Stephen Colbert to Interview Scaramucci Next Week

    The Mooch also accused reporter Lizza of recording his now infamous New Yorker interview without his permission. Again, if you want to see the Scaramucci interview with Colbert, it airs Monday, August 14, at 11:35 p.m.
  • Bellway plc's (LON:BWY)

    Bellway plc's (LON:BWY) "Buy" Rating Reiterated at Liberum Capital

    The utilities provider reported $0.52 earnings per share for the quarter, topping the Zacks' consensus estimate of $0.48 by $0.04. Almondz Capital & Management Services Ltd (ALMONDZ.BO) shares are moving today on volatility -7.31% or -1.75 from the open.
    7.5% growth hard , eco activity slow across board

    7.5% growth hard , eco activity slow across board

    Outlining the benefits of demonetisation, Subramanian said that there were early signs as cash usage in the economy has come down. However, going forward, there is scope for monetary easing that will facilitate the economy bounce back quicker.
    NCLR, GLAD File Suit Against Trans Military Ban

    NCLR, GLAD File Suit Against Trans Military Ban

    The Williams Institute at the UCLA School of Law estimates there are more than 15,000 transgender troops in the USA military . The suits maintain the ban violates the Fifth Amendment's guarantee of equal protection and due process .
  • CNN Fires Jeffrey Lord for Nazi Salute Tweet

    CNN Fires Jeffrey Lord for Nazi Salute Tweet

    In addition to CNN , Fox News, NBC, and MSNBC also announced they would never hire Lord for any panel discussions in the future. He began working with the network during the presidential campaign, and has spoken on behalf of Trump since then.
    NOAA: Report Confirms 2016 was Warmest Year on Record

    NOAA: Report Confirms 2016 was Warmest Year on Record

    However, the annual report does not detail the link between climate change and human activities such as burning coal or gasoline. The report employs scientists from the national centers NOAA along with more than 450 colleagues from almost 60 countries.
    Amit Shah is desperate to unite the warring AIADMK factions

    Amit Shah is desperate to unite the warring AIADMK factions

    In the Dinakaran camp, the suspicion now is that the BJP has increased pressure on the two factions to merge quickly. According to sources, AIADMK leaders Palaniswai and OPS and likely to meet this week and finalise the merger plans.