The move added to escalating U.S.
Stocks plunged, while US Treasuries and gold climbed, as US President Donald Trump's latest comments further inflamed tension with North Korea.
The Dow Jones Industrial Average fell 0.9 percent to end at 21,844.01, the only close below 22,000 since breaking through that level for the first time August 2. The Nasdaq composite lost 76 points, or 1.2 percent, to 6,275.
USA stocks moved lower in morning trading Wednesday as traders weighed the growing tensions between the US and North Korea.
Tesla (TSLA) Earns Media Sentiment Rating of 0.08
The original version of this report can be viewed at https://www.com-unik.info/2017/08/12/tesla-inc-tsla-upgraded-at-argus.html. In other Tesla news, Director Kimbal Musk sold 2,190 shares of Tesla stock in a transaction on Tuesday, August 1st.
On Thursday, in response to North Korea's threat to fire missiles at American targets in the Pacific, President Trump said that if Pyongyang "does something in Guam, it will be an event the likes of which nobody has seen before - what will happen in North Korea".
"Since these are the stocks that have been in the spotlight the most, they tend to have the most volatility upwards and downwards", said Chris Bertelsen, chief investment officer of Aviance Capital Management in Sarasota, Florida. "As long as it doesn't go beyond just a war of words, this is going to be short-lived". The stock fell $169 to $1,879.98. Nvidia fell $4.73, or 2.7 percent, to $167.38. Bank of New York Mellon fell $1.74, or 3.2 percent, to $52.30, while Citizens Financial Group slid $1.11, or 3.2 percent, to $33.92.
Disappointing quarterly results from big department store chains also weighed down the market.
TECH SLIDE: Losses among technology stocks led the market slide. Its shares tumbled $11.35 to $61.99.
S&P falls 1.4 percent in safety flight on North Korea tensions
Shares of Kohl's were down 8.4 percent, while Macy's fell 4 percent after the department store operators reported a fall in sales. Benchmark U.S. crude fell 97 cents, or 2 percent, to $48.59 a barrel on the New York Mercantile Exchange.
The Dow slid as declines in Apple and Goldman Sachs, down 2.3% and 1.7% respectively, outweighed gains in McDonald's and Coca-Cola, up 1.4% and 0.5% respectively.
UNDERCOOKED: Blue Apron slumped 18.2 percent after the meal kit seller reported a sequential decline in customers in the second quarter due to a planned reduction in marketing. Rival TripAdvisor also slumped after its latest quarterly report showed that online and transaction revenue growth fell sharply. On the Nasdaq, 1,462 issues rose and 1,227 fell. The Producer Price Index (or PPI) fell 0.10%, while the market had forecast a rise of 0.10%.
Other markets: Oil turned lower after the International Energy Agency said oil supply rose for a third month as compliance with an OPEC output deal faltered but prices have rebounded (http://www.marketwatch.com/story/oil-prices-head-lower-as-global-tensions-continue-unabated-2017-08-11) to edge up.
OIL: Benchmark U.S. crude added 21 cents to $49.38 a barrel on the New York Mercantile Exchange. Brent crude, the worldwide standard, lost 23 cents to $52.14 a barrel in London. Biotech companies Celgene and Amgen lost 3.8 percent and 2.6 percent, respectively. Silver gained 20 cents, or 1.2 percent, to $17.07 an ounce. The euro slid to $1.1732 from $1.1752. Major indexes in Asia closed lower. Germany's DAX Index fell 0.6%, the UK's FTSE 100 Index retreated 1.2% and France's CAC 40 Index slid 1.4%. The Russell 2000 index gave up 24.40 points, or 1.7 percent, to 1,372.54. Earlier in Asia, Japan's benchmark Nikkei 225 slipped less than 0.1 percent, while Hong Kong's Hang Seng slid 1.1 percent.
Washington Nationals star Bryce Harper suffers ugly-looking knee injury
Saturday's game was delayed three hours with more inclement weather and the rain conditions came into play right away. Harper was unable to put weight on his leg and was carried off the field by his hitting coach and the team trainer.