US stocks slip as North Korea tensions mount

Stock Market Sell-off Sends Investors into Safe-haven Assets after Trump Issues Warning to North Korea

The 30-stock average has closed at a record high for nine straight days, and it's up 10 in a row overall.

"Military solutions are now fully in place, locked and loaded, should North Korea act unwisely".

The price of gold, a safe-haven asset, hit its highest levels in two months as North Korea and the United States exchanged more threats, with North Korea outlining detailed plans for a missile strike near the Pacific territory of Guam.

"We're not very oversold yet so the market still has more downside left to it".

"European shares are trading once again lower. continuing their slide on the back of ever more increasing tensions between North Korea and the U.S.", added analyst Markus Huber at City of London Markets.

The Dow Jones industrial average fell 36 points, or 0.2 percent, to 22,048.

The utilities index, often seen as a bond proxy because of its companies' slow reliable growth and high dividends, was the only S&P sector that ended the day up, showing a 0.25 percent gain. Netflix lost 1.5 per cent. Britain's FTSE 100 was down 1%.

"Pretty remarkable, perhaps even extraordinary, considering", said Tim Ash, strategist at fund manager BlueBay.

The CBOE Volatility Index, the most widely followed barometer of expected near-term stock market volatility, was up as much as 12.63 points, its highest in more than a month.

Mariners ace James Paxton placed on DL, out until September
Reliever Blake Parker got Ben Gamel to ground back to the mound and then struck out pinch hitter Yonder Alonso to end the inning. Andrew Moore , the Mariners' recently recalled rookie, replaced Pagan in the sixth inning, which he got through with no problem.

"Today's inflation data put the Fed on pause and really diminishes the fact that there's still some noise going around with the North Korea-U.S. situation", said Phil Blancato, CEO of Ladenburg Thalmann Asset Management.

On the currency markets, the pound edged 0.2% lower versus the United States dollar at 1.298, as traders responded to another tranche of lacklustre data from the United Kingdom economy.

Sterling was relatively flat against the dollar at 1.3002 after earlier wavering, but gained 0.14% on the euro to 1.1072, with the single currency down by a similar degree against the greenback, which in turn was down 0.38% against the yen.

The US Producer Price Index has seen its biggest fall in almost a year. On the Nasdaq, 1,462 issues rose and 1,227 fell.

Sterling was last trading at $1.3009, up 0.27 percent on the day. As a result, the yield on the benchmark ten-year note, which moves opposite of its price, is down by 2 basis points at 2.192%.

The latest U.S. economic data cemented expectations that inflation will remain subdued amid a robust labour market. Kohl's shares are down 15% in the year to date, compared to a 10.5% gain for the S&P 500 [s:spx].

Barrick Gold Corp rose 2.1 percent to C$21.7, while Goldcorp Inc rose 0.9 percent to C$16.29.

Hong Kong shed more than one percent and Shanghai also closed lower, while Seoul shares continued their sell-off after slumping Wednesday, with the won again softening.

US gold futures gained 0.26 percent to $1,293.50 an ounce.

Related news:

Hot News

isis-killer-beheading-video-story-top Trump Speaks to Guam Governor About... Tourism?
Aug 12, 2017 - 18:20
Eddie Calvo said. "I just wanted to pay my respect", Trump said to Calvo over the phone. "You've become extremely famous". Governor Eddie Calvo during a press briefing on Friday told everyone to remain calm and enjoy the weekend .

isis-killer-beheading-video-story-top FTSE Slips on North Korea Fears
Aug 12, 2017 - 18:06
On the currency markets, the pound was up 0.03% against the dollar at $1.2981 but down 0.23% against the euro at 1.0999 euros. On the London stock market, mining shares saw the biggest falls as many metal prices were hit by the geopolitical concerns.

isis-killer-beheading-video-story-top Byron board member says he is "wrongly implicated" in Putney Bridge incident
Aug 12, 2017 - 17:56
Duncan Lewis solicitors issued a statement on Twitter claiming Bellquist was not in Britain when the attack happened in May. Metropolitan Police today released the city banker, saying they had "eliminated him from the investigation".

isis-killer-beheading-video-story-top Woman killed by Minneapolis officer remembered as spiritual and caring
Aug 12, 2017 - 17:18
He read some of the uplifting messages she would free-write every morning and called her a "living example of self-mastery". Ms Damond had called 911 to report a woman being raped close to her apartment block shortly before she was shot and killed.

isis-killer-beheading-video-story-top Korea: 3.5 million sign up to fight against US
Aug 12, 2017 - 16:55
The restrictions came after North Korea's latest missile tests, which it claimed involved the launch of intercontinental ballistic missiles (ICBMs).

isis-killer-beheading-video-story-top Zidane signs three-year contract extension at Real Madrid
Aug 12, 2017 - 16:50
The move comes in light of PSG's recent record-breaking fee for Neymar, prising the Brazilian from the grasps of Barcelona. Real Madrid's Sergio Ramos holds the trophy after winning the UEFA Super Cup.

isis-killer-beheading-video-story-top LG V30 tipped to launch along with a Plus variant; pricing leaked
Aug 12, 2017 - 16:41
However, this is the first time that LG will launch the base version of a smartphone and its Plus variant at the same time. LG electronics is expected to release its next flagship smartphone , the V30 on 15 September in South Korea.

isis-killer-beheading-video-story-top Liverpool boss Jurgen Klopp believes £271million transfer will happen
Aug 12, 2017 - 16:39
Klopp has previously criticised the very large fees that players move for in the modern transfer market. I mean, who would pay €300 million? 'No coach would demand such a thing.

isis-killer-beheading-video-story-top Pep Guardiola defends Man City's big spending
Aug 12, 2017 - 16:29
With 14 clean sheets and just 29 goals conceded last season, De Gea is sure to do just as well, if not better this campaign. I know a lot of the pundits are going for City but you feel like this is a Guardiola team now.

isis-killer-beheading-video-story-top Android O is expected to be be released on August 21
Aug 12, 2017 - 16:23
As noted by Google, the latest version is created to work on recent Nexus and Pixel devices running Android 7.1.1 and above. Android O release date for Google's Pixel and Pixel XL smartphones is said to have been delayed for some unknown reason.

isis-killer-beheading-video-story-top Trump, Xi agree North Korea should stop its provocative behavior
Aug 12, 2017 - 16:22
He said the "sensible" way to proceed is to step up worldwide pressure on the regime of Kim Jong Un through the United Nations. President Donald Trump warned North Korea that any threats would be met with "fire and fury like the world has never seen".

isis-killer-beheading-video-story-top Aaron Carter thinks he has a chance with Chloë Grace Moretz
Aug 12, 2017 - 16:10
Moretz said Carter was her childhood crush during an interview for Variety's Power of Young Hollywood cover story. The 29-year-old also recently made headlines for a DUI arrest in Georgia.

isis-killer-beheading-video-story-top Obama Homeland Security adviser: No room for mistakes on North Korea
Aug 12, 2017 - 16:06
Republican Senator Dan Sullivan said a preemptive strike against the North Korean regime would require congressional approval. The online poll was done by ProgressPolls and asked whether Trump or Obama is a better leader of the United States .

Liberty Interactive Corporation (NASDAQ:LVNTA) Upgraded to "Strong-Buy" by BidaskClub
Aug 12, 2017 - 15:51
If you are viewing this story on another site, it was stolen and republished in violation of global copyright and trademark law. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock.

isis-killer-beheading-video-story-top S&P falls 1.4 pct in safety flight on N. Korea tensions
Aug 12, 2017 - 15:08
In oil, the price of Brent crude sunk by 0.5% to 51.65 USA dollars a barrel amid concerns about over supply in the market. The 30-year bond last rose 6/32 in price to yield 2.7847 percent, from 2.794 percent late on Thursday.