North Korea spat rattles Wall Street

Share
North Korea spat rattles Wall Street

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.

Jittery stock markets fall amid global tension over North Korea
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.

Share

Advertisement

Related Posts

Three killed in 2 crashes in Waldo County
When deputies arrived at the scene, they determined the accident to be a single vehicle roll-over crash. Nicholas Oettinger of the Waldo County Sheriff's Office said in a statement.

State Of Emergency In Charlottesville, US After Car Rams Into Crowd During
The city has become ground zero for white nationalist and other protesters, who faces larger counter-rallies in the past. Mayor Mike Signor announced the death on his Twitter account and urged people to "go home".

Letter from Queen Elizabeth about Princess Diana 's death comes to light
Last month, William joked she would have been a "nightmare grandmother", adding he keeps her memory alive with his children.

'Major incident' on Garvaghy Road
Police say a vehicle was found burned out in the Drumnagoon Road area, which may have been related to the incident. It's believed a man has died as a result of the incident but ithis has not yet been confirmed by police.

BC to fight pipeline in court
One of the five conditions that the previous Liberal government set for supporting the pipeline was getting more revenue out of Kinder Morgan.

French leader urges calm in North Korea crisis
Such thefts not only damage American companies, but also pose a threat to the USA national security, the second official said. Trump's call with Macron came hours after he talked with Chinese President Xi Jinping in a separate phone call.

Noble Midstream Partners LP
On average, analysts forecast that Shell Midstream Partners, L.P. will post $1.41 earnings per share for the current fiscal year. TheStreet upgraded shares of Enable Midstream Partners, from a c rating to a b- rating in a research report on Monday, June 5th.

Destiny 2 Has Over 80 PvE Missions and Activities
Not only that, but it sounds like Destiny 2 will launch with a much greater volume of content as well. Not to mention, supers and grenades will recharge faster than they did during the beta.

Keith Ellison Says Kim Jong Un 'Acting More Responsible' Than Trump
Immediately after making the comment, Ellison regretted it and tried to retract his words. Ahrens was not alone in his criticism, as many reactions on Twitter agreed.

Arsenal score two late goals for comeback win vs. Leicester City
But as so often happens in the opening round, Arsenal imploded as Shinji Okazaki and Jamie Vardy put Leicester in front. I thought the ball would go out as it was flying over me and suddenly there was a player.

© 2015 ExpressNewsline. All Rights reserved.