Dow loses more than 100 points amid North Korea tensions
Dow loses more than 100 points amid North Korea tensions
Wood block tower Source
13 August, 2017, 13:22
The Nasdaq and the S&P 500 are rebounding after ending Thursday's trading at their lowest closing levels in a month.
The major averages ended the session just off their worst levels of the day.
The Dow Jones Industrial Average fell 163 points, or 0.74%, to 21,886, the S&P 500 lost 31 points, or 1.23%, to 2,443 and the Nasdaq Composite dropped 117 points, or 1.84%, to 6,236.
Outside the political arena, declines in a pair of technology stocks added to the cautious tone on the day.
Shares of Macy's tumbled 10.2 percent and Kohl's was down 6 percent as the companies continued to report a drop in quarterly same-store sales, stoking concerns that their turnaround may still be a long way off. Economists had expected prices to rise by 0.2%. Core prices had also been expected to climb by 0.2%.
"From a geopolitical perspective, we understand why the escalation in tensions will have shaken some of the complacency out of investors", said Eric Wiegand, senior portfolio manager at U.S. Bank Private Client Wealth Management.
In unscripted remarks Tuesday night, Mr. Trump said he would bring "fire and fury" against North Korea if it didn't drop its threats. "I think a few investors are capitulating to it".
Trump continued to ramp up the rhetoric with a post on Twitter this morning indicating that the U.S. is prepared to take military action against North Korea.
Justin Upton hammers walk-off two-run home run
Joe Mauer cleared the bases with a double to get the Twins on the board and Eddie Rosario crushed a game-tying homer. Reliever Daniel Stumpf gave up an RBI single to Jason Castro in the fifth, giving Minnesota an 8-6 lead.
The president continued tweeting on Friday, saying that military solutions to the crisis are "locked and loaded". "Hopefully Kim Jong Un will find another path!"
North Korea responded with a statement by its official KCNA news agency claiming Trump is "driving" the Korean peninsula to the "brink of a nuclear war".
In Europe, the Stoxx 600 Index fell 1%. Genesee & Wyoming (GWR) is posting a notable gain after reporting an increase in July traffic.
Smaller-company stocks also fell sharply.
Data storage company Seagate Technology (STX) is posting a standout gain within the hardware sector, climbing by 2.1%. That conflict will continue to weigh on stocks, analysts believe. Hong Kong's Hang Seng Index plunged by 2%, while South Korea's Kospi Index slumped by 1.7%.
Start your day with what's moving markets in Asia. Germany's DAX fell 0.9 percent, while the CAC 40 in France lost 0.5 percent.
In the bond market, treasuries are extending the upward move seen over the two previous sessions.
Economic data showed USA producer prices unexpectedly fell in July, recording their biggest drop in almost a year, while separate figures showed the number of Americans filing for unemployment benefits unexpectedly rose last week.
It's hardly a picnic elsewhere in the Seven Kingdoms, as we see Cersei looking contemplative on her bed. Titled " Eastwatch ", next week's episode will see the aftermath of the tragic Loot Train Attack .
He saved the first with an ace but Ferrer made no mistake with his second set point, converting to take the opener 6-4. He let a set point slip away with Ferrer serving at 3-5, but Federer served out the second set in the 10th game.
He said: 'There is a reason why they concede so many goals, because they are disorganised there and have no leaders at the back. I don't care what defenders they go and buy, how much they're going to cost, it won't make a difference.
It's been two days since Rihanna took social media by storm after posting her eye-popping selfies from Crop Over carnival online. Rihanna's fans slammed the Young Money artist by telling her that Lil Kim is the original blue-wig-wearing superstar.
It empowers the state legislature to define permanent residents and then give them special treatment, privileges and rights. The Union government has rightly parted ways with the state government in front of the Supreme Court.
The first is a white male, aged over 50, of slim build with pale skin, heavy dimmed glasses and white coloured pants . One aged 25 to 30, with tanned skin, was wearing a grey or blue t-shirt, grey gym shorts and heavy-duty flip flops.
He made his par putt on the 17th hole and then sprinted to the 18th tee and promptly knocked his tee shot down the middle. McGirt will stay in the Tar Heel state for next week's Wyndham Championship in Greensboro at Sedgefield Country Club.
After being taken off the field by grounds crew member Lucas Hackmann, the kitten was placed near the Stan Musial statue. Louis Cardinals ... or at least a member of the team ... have expressed interest in adopting Rally Cat.
Its expected price tag will be the local Korean equivalent of $875, while the V30 is quite likely getting launched at around $700. LG V30 is becoming official on August 31, just a day before IFA 2017 at Berlin kicks off, that's already old news at this point.
AQR Capital Management LLC owned about 0.11% of Rite Aid Corporation worth $4,845,000 as of its most recent filing with the SEC. Institutional investors now hold around $1.37 billion or 59% in RAD stock. 166 funds opened positions while 593 raised stakes.
We controlled the ball, created chances but this is football - you have to get goals and we couldn't do so", he said. Naturally, Pellegrino isn't fully satisfied with the performance, as he relayed to the Southampton media team .
Thompson cited student-teacher sex laws in other states that he believes are constitutional. Until the ruling goes up for appeal, it will not be binding for other cases in the state.
U.S. warship challenges China's claims in South China Sea
Such delaying tactics, without resorting to major armed conflict, also prevent the escalation of tension in the South China Sea. The United States does not recognize China's claim of sovereignty in that location and regards the area as worldwide waters.
Is Angelina Jolie and Brad Pitt's divorce off the cards?
A source told DailyMail.com: 'Brad didn't touch a drop of alcohol all weekend and stuck to drinking English breakfast tea. Brad Pitt and Angelina Jolie reportedly may be maintaining silence on reunion rumors in order to protect their six kids.
Amber Heard and Elon Musk speaks out about break up
Musk , 46, isn't one to dial down expectations or stay away from painting colorful imagery of his products. The automaker's debt load increased significantly past year when it bought solar panel maker SolarCity .
Nats' Harper leaves game with apparent left knee injury
Saturday's game was delayed three hours with more inclement weather and the rain conditions came into play right away. The series opener Friday was postponed after a lengthy rain delay to be a part of a day-night doubleheader Sunday.
Federer on track for fourth Montreal title
The pair met in a Davis Cup World Group play-off in 2012 with Federer winning 6-1, 6-4, 6-4. Federer will now play another Spaniard, Roberto Bautista Agut , in the quarter-finals.
Ivan Perisic to Manchester United
Reigning Premier League champions Chelsea will open the defence of their crown at home to Burnley on Saturday. I think "no" but it depends on money.
Kylie Jenner Tried to Buy Fake Kylie Cosmetics Lip Kits
In 2013, Kylie and sister Kendall Jenner , then 15 and 17, sparked rumors they had been drinking illegally at a 21-and over club. The clip is, of course, an excerpt from the next episode of Life of Kylie , but it definitely makes an important point.
EPL: Arsenal gun down Leicester in seven-goal thriller
Carragher was speaking shortly after Giroud had helped Arsenal to an incredible comeback win against Leicester at the Emirates. The Premier League is back and will start with a typical game, which will see Arsenal host Leicester at the Emirates.
In EPL, it's a tale of three cities at the top
The 2017/18 Premier League season kicks off on Friday evening as Arsenal welcome Leicester City to the Emirates Stadium. What we had was midfielders , wingers, scoring, central defenders scoring goals at set pieces.