North Korea tensions continue to weigh on global stocks

By Sruthi Shankar and Tanya Agrawal

While the Nasdaq climbed 39.68 points or 0.6% to 6,256.56, the Dow inched up 14.31 points or 0.1% to 21,858.32 and the S&P 500 edged up 3.11 points or 0.1% to 2,441.32.

The Dow Jones Industrial Average fell 63.37 points, or 0.29 per cent, to 22,021.97.

Still, the S&P and the Dow were on track to post their biggest weekly loss in about five months and the Nasdaq on course to post its biggest weekly fall in about six weeks. The Nasdaq composite lost 18 points, or 0.3 percent, to 6,352.

Meanwhile, the Russell 2000 index of small-cap stocks looked poised for a weekly drop of almost 3%, its biggest one-week decline since February 2016. Oil prices were headed higher.

France's CAC dropped 1.6 per cent and Germany's DAX fell 1.3 per cent.

MARKETS OVERSEAS: Major indexes in Europe were headed lower.

In a statement delivered at his Bedminster, N.J., golf club on Tuesday, Trump said, "North Korea best not make any more threats to the U.S. They will be met with fire and fury like the world has never seen".

"The market is realising that economies are doing well enough for both the Fed and the ECB to remove stimulus", Ken Peng, a Hong Kong-based investment strategist at Citi Private Bank, said. The slide deepened after Trump's remarks on North Korea aired.

Simmering tensions between the USA and North Korea continued to rattle investors, driving the VIX, a measure of how much volatility investors expect, to its highest level since May.

Yolo County going 'luner' for solar eclipse
As thousands of people travel to SC to watch the historic eclipse, the hunt is on for protective lenses to view the phenomenon. For anyone who welds as part of their profession or as a hobby, this could be a way to not have to buy anything new at all.

Investors said the week's swings were as much a result of earnings as geopolitics. The stock fell $3.30 to $30.09.

The dollar index, which measures the U.S. currency against a basket of major peers, slipped 0.1 percent as U.S. Treasury yields fell.

In Europe, the pan-continental STOXX 600 index fell 0.9 per cent, with falls deepening after a vehicle rammed a group of soldiers in Paris, injuring six, in what officials said was a suspected terrorist attack.

Traders snapped up shares in companies that delivered strong quarterly results.

Sydney was a rare bright spot in Asia-Pacific with stocks closing 0.4 percent up as Australia's biggest bank posted record annual profits. Broadcom gave up $5.72, or 2.3 percent, to $243.45.

Shares in several other big media companies also declined.

Nvidia's quarterly revenue in its data center and automotive businesses missed estimates, dragging the chipmaker's shares down 8.6 percent.

OIL: Benchmark U.S. crude added 21 cents to $49.38 a barrel on the New York Mercantile Exchange. Brent crude, the global standard, lost 23 cents to $52.14 a barrel in London.

The euro dipped 0.1 per cent to $1.1733 but the single European currency has been slipping this week against the dollar, having hit a more than 2 1/2-year high of $1.1892 on August 2. Silver also rose, gaining 43 cents, or 2.6 percent, to $16.82 an ounce.

Related news:

Hot News

Bargain Hunting May Contribute To Rebound On Wall Street
Aug 13, 2017 - 15:23
Computer hardware stocks rebounded following recent weakness, with the NYSE Arca Computer Hardware Index climbing by 1.4 percent. The Dow slumped by 1.1 percent, while the Nasdaq and the S&P 500 tumbled by 1.5 percent and 1.4 percent, respectively.

isis-killer-beheading-video-story-top State Department Press Briefing on North Korea
Aug 13, 2017 - 15:02
On Tuesday , Trump threatened North Korea with " fire and fury " if Pyongyang made any further threats against the United States. He said that the U.S.is dealing with the North Korean threat with an effective diplomatic effort.

isis-killer-beheading-video-story-top Sony Set Date for Spider-Man Spin-off 'Silver & Black' and 'Sicario 2'
Aug 13, 2017 - 14:54
Sony has finally revealed the release dates for much-awaited movies like Spider Man spin-off "Silver & Cable" and " Sicario 2". The timing here is interesting, because Sony has already set a date for another film set in this new cinematic universe.

Pallekele Test: Dhawan, Rahul shine before Lanka fight back
Aug 13, 2017 - 14:44
The ever dependable Pujara's discomfort at the crease came to an end as he was caught at first slip off Sandakan in the 51st over. Rahul, who survived a dropped catch on 28, brought up his seventh consecutive Test 50 with a double off pacer Lahiru Kumara .

isis-killer-beheading-video-story-top YARMUTH: Statement on White Supremacist and Neo-Nazi Violence in Charlottesville
Aug 13, 2017 - 14:42
Many Democrats, and a few Republicans , criticized him for failing to single out the white nationalists who organized the rally. Some Republicans took a similar approach. "@POTUS needs to speak out against the poisonous resurgence of white supremacy.

isis-killer-beheading-video-story-top Asian shares, United States stock futures, dollar slip on rising Korean tensions
Aug 13, 2017 - 14:25
Trump's comments came after reports that North Korea has spurned a new round of sanctions approved by the UN Security Council. The Dow Jones industrial average slid 204.69 points, or 0.9 percent, to 21,844.01, just shy of its low point for the day.

isis-killer-beheading-video-story-top Tech companies lead worst day for stock market since May
Aug 13, 2017 - 14:06
Investors are increasingly nervous: The VIX volatility index, a closely-watched "fear gauge", is up 70% since Tuesday. The dollar index, which measures the U.S. currency against a basket of major peers, slipped 0.1 percent as U.S.

isis-killer-beheading-video-story-top Stocks plunge over North Korea tensions
Aug 13, 2017 - 13:55
The dollar index fell 0.32 per cent, with the euro up 0.42 per cent to US$1.1819. The Nasdaq composite lost 18.13 points, or 0.3 percent, to 6,352.33.

isis-killer-beheading-video-story-top What does the United States military do on the island of Guam?
Aug 13, 2017 - 13:19
No doubt, the country's nuclear missile development has progressed at a faster pace than anticipated by the US government. Trump tweeted Friday: "Military solutions are now fully in place, locked and loaded, should North Korea act unwisely".

isis-killer-beheading-video-story-top Arsenal have offered Sanchez a record contract
Aug 13, 2017 - 12:32
PSG , Bayern Munich and Manchester City have all been mentioned as potential suitors of Sanchez , who is in the final year of his deal at the Emirates Stadium.

isis-killer-beheading-video-story-top Denis Shapovalov's magic run continues as Canadian reaches Rogers Cup semifinals
Aug 13, 2017 - 12:11
The 36th-ranked Schwartzman next faces the victor between seventh-seeded Grigor Dimitrov and Robin Haase . Roger Federer continued his longest winning streak in five years by reaching the Rogers Cup final.

isis-killer-beheading-video-story-top Arsenal fans don't believe the latest news about Alexis Sanchez
Aug 13, 2017 - 12:00
Arsenal have signed two players so far this summer as they prepare to try and challenge for the Premier League title this season. While a move to City can guarantee Champions League football, Sanchez will have to fight tooth and nail to get regular starts.

isis-killer-beheading-video-story-top Mehbooba opposes repeal of Kashmir's special status - Newspaper
Aug 13, 2017 - 11:24
While, the PDP and BJP have a coalition in Jammu and Kashmir, both the parties are not on the same page regarding the issue. After the meeting, Mehbooba Mufti said that she discussed host of issues including Article 35A with the Prime Minister.

North Korea crisis hits stock market raising fears for pension savings
Aug 13, 2017 - 11:11
The NASDAQ Composite Index and Dow started the day lower but regained strength and recovered some losses as the day progressed. Labor Department is likely to report that initial jobless claims remained unchanged at 240,000 for the week ended August 5.

isis-killer-beheading-video-story-top China still building islands in disputed waters: think-tank
Aug 13, 2017 - 11:05
Indeed, Philippine Foreign Minister Alan Peter Cayetano said in apparent response , "We appreciate not being told what to do". Geng said, "China has the firm determination to safeguard its territorial sovereignty and maritime interests".