Technology companies were leading a broad slide in USA stocks in early trading Thursday as investors pored over the latest batch of corporate earnings reports.
Retailers were also falling Thursday.
Global stock markets ended their worst week in months amid rising tensions between the USA and North Korea, though US stock indexes steadied on Friday to close up slightly. Brent crude, the worldwide standard, lost 23 cents to $52.14 a barrel in London.
The Dow Jones Industrial Average.DJI was up 7.32 points, or 0.03 percent, to 22,125.74, the S&P 500.SPX gained 1.71 points, or 0.07 percent, to 2,482.62 and the Nasdaq Composite.IXIC added 17.56 points, or 0.28 percent, to 6,401.33.
In the United Kingdom, the stock of TV giant ITV was down 1.9 percent in early trading, and Sky shares were down 0.5 percent, while Germany's ProSiebenSat.1 fell 1.2 percent.
In a tweet, President Donald Trump warned of military action "should North Korea act unwisely", noting that the U.S.is "locked and loaded". It is now on track for its biggest weekly drop since the week before the November 8 USA presidential election. The Russell 2000 index of smaller-company stocks gave up 13 points, or 0.9 percent, to 1,396.
The data comes amid tepid inflation that has remained below the Federal Reserve's 2 percent target, despite low unemployment.
TSX falls 0.94% as oil drops, geopolitical tensions rise
The financial sector index.SPSY clawed back gains after news California insurance regulator will probe whether Wells Fargo & Co (WFC.N) and an insurance company harmed residents by selling insurance they did not need. Its shares slid $9.77, or 5.3 percent, to $174.02. Macy's slumped 10 percent after reporting its 10th straight decline in a key sales measure. On the Nasdaq, 1,462 issues rose and 1,227 fell.
LACKLUSTER QUARTER: Office Depot sank 24.5 percent after the office supply company's second-quarter results fell short of Wall Street's projections. Its shares tumbled $11.35 to $61.99.
BONDS: Bond prices rose.
Major U.S. indices had posted record highs in recent weeks. Brent crude, used to price global oils, added 21 cents to $52.91.
The yen on Friday added to a strong weekly rally against the dollar of close to 1.5 per cent, hitting its highest versus the greenback in nearly four months, at 108.73 yen.
Sterling was also down 0.1% versus the euro at 1.104.
"The market is trying to interpret the CPI data as somewhat positive because it is anticipating that the Fed will be on hold not only in September but also possibly in December", said Robert Pavlik, chief market strategist at Boston Private Wealth. Regeneron Pharmaceuticals led the pack, adding $4.47, or 1 percent, to $474.15. Japan's Nikkei 225 slipped 0.3 percent, while Australia's S&P/ASX 200 lost 0.5 percent. South Korea's Kospi lost 1.7 percent, while Hong Kong's Hang Seng slid 2 percent.