USA stocks close lower, snapping Dow's 10-day winning streak

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USA stocks close lower, snapping Dow's 10-day winning streak

The iShares MSCI South Korea Capped exchange traded fund EWY.P fell in a volume spike and ended down 0.85 percent.

This week's increase in tension between North Korea and the US over North Korea's nuclear missile programme is a timely warning for investors to remain diversified, affirms a leading analyst. For the week, the index lost over 3% to register its biggest weekly loss since February of 2016.

In the wake of the USA and North Korea tension Wall Street, Asian markets and European markets have all closed in red territory. "That did temporarily shake investors' complacency, but we think markets are ready to move higher in the back half of the year, and earnings and economic data are going to drive that". That is significant because yields fall when bond prices rise. The S&P 500 index was also down 0.3% and the Nasdaq Composite down 0.2%.

After touching a more than two-month high at US$1,291.86, spot gold last added 0.2 per cent to US$1,288.81 an ounce.

The recovery fit a recent pattern of investors using dips to put more money in stocks. A strong jobs report last Friday gave the dollar index .DXY its strongest daily performance this year.

Ten of the S&P 500's 11 major sectors closed negative on August 10, 2017.

"He's been pushing the world around for a long time", he said, in reference to the North Korean leader, Kim Jong Un.

The US-North Korea spat that allowed safe havens to rally this week continued during today's European session.

In a letter sent to Republican Senator Ann McLane Kuster, Humphrey said that Trump is making a bad situation worse with his recent promise that North Korea would face "fire and fury" if it continued to threaten the USA, a local news station WMUR first reported.

North Korea "will be met with fire and fury" if it keeps threatening the US, Trump told reporters at the Trump National Golf Club in Bedminster, New Jersey, according to media reports. Secretary of State Rex Tillerson later insisted the US isn't signalling it's about to mete out a military response despite threats from North Korea suggesting it could attack Guam, a USA island territory in the Pacific.

Still, the market has had several fits and starts over the past few months.

The Swiss franc was on pace for one of the largest single-day jumps against the euro since the Swiss National Bank removed its cap on the currency in January 2015. It's still the highest it's been since May.

Weaker U.S. Treasury yields also helped the yen, boosting its appeal relative to the greenback.

July's 0.1 percent increase in consumer prices suggests that the Federal Reserve may be less likely to raise interest rates next month.

Blue Apron shares rose 6.73 percent after the meal-kit delivery service provider reported a rise in revenue in its first quarterly report since debut. -North Korea tension also weighed on the Canadian dollar, which weakened against its US counterpart, despite higher oil prices and stronger-than-expected domestic housing data. The company's stock dropped $4.15, or 3.88 per cent, to $102.83 US. Seagate shares rose 74 cents to $32.29.

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