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.

Iran Parliament ratifies motion to counter US' 'terrorist' acts
The additional U.S. sanctions put in place last month directly target the missile programme and the IRGC. After the result was announced, lawmakers shouted: "Death to America".

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.

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