USA stocks fall again on North Korea tensions

Trade Center left and 7 World Trade Center in New York. Technology companies were leading a broad slide in U.S. stocks in early trading Thursday Aug. 10 2017 as investors pored over

S&P closes barely lower despite North Korea tensions

USA stocks posted a weekly loss despite closing in positive on Friday, as ongoing US and North Korea tensions limited gains while inflation data for July fell short of expectations, lessening the case for a third rate hike later this year.

Hope that the Fed will have to slow its rate hike path appeared to stop, at least for now, the near $1-trillion loss in world stocks valuations this week triggered by the war of words between Pyongyang and the United States. Reuters data show a 28-percent chance for a hike after the Fed's December meeting.

Japanese markets were closed for a holiday, but the tense mood dragged Asian shares lower and an MSCI index of stocks across the globe posted its largest weekly drop since the week before Donald Trump won the USA presidential election in November.

Global markets have lost almost US$1 trillion since U.S. president Donald Trump said on Tuesday that North Korea "will be met with fire and fury like the world has never seen" and then dialed up his warning further on Thursday by saying he wasn't tough enough this week.

U.S. stocks deepened their losses following the latest Trump comments, and the S&P 500 volatility index, known unofficially as the "fear index", rose decisively.

"There's not a great incentive to buy big", said Lerner of SunTrust Advisory.

City Developments fell 4.5 per cent or 53 cents to $11.14, after posting a 17.9 per cent fall in net profit for the second quarter and announced a new CEO designate after Grant Kelley resigned.

Dota 2 Reveals Two New Heroes for The Dueling Fates Update
For some, this game would come as a disappointment but, the bolstering community of Dota 2 should be optimistic about the game. It's still too early to predict how the game will perform in the already saturated digital card game genre.

The pan-European FTSEurofirst 300 index lost 1.01 percent and MSCI's gauge of stocks across the globe shed 0.26 percent for a weekly loss of 1.6 percent, the largest since the week to November 4. Shanghai's main index also tumbled 1.6 percent to 3,208.54 while Australia's S&P/ASX 200 dropped 1.2 percent to 5,693.10.

Shares of Snapchat parent Snap Inc.(SNAP) slid 11% a day after the company's earnings missed forecasts (http://www.marketwatch.com/story/snap-ceos-promise-cant-overcome-declining-ad-rates-stock-heads-toward-new-lows-after-earnings-2017-08-10), and the social-messaging company disclosed that average ad prices fell in the second quarter. The euro fell to $1.1791 from $1.1774.

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

The markets may benefit from bargain hunting, as some traders look to pick up stocks at reduced levels following the pullback seen over the past few sessions.

OIL: Benchmark U.S. crude lost 24 cents to $48.37 per barrel on the on the New York Mercantile Exchange while Brent crude, used to price worldwide oils, declined 20 cents to $51.70 per barrel in London.

The Dow Jones Industrial Average (DJIA) is lower at midday, due to heightened tensions with North Korea and a dismal earnings reaction from Dow stock Disney.

Asian markets swooned from the opening bell, and closed in the red.

Portuguese attacker '90 per cent' certain to join Man Utd
Manchester United are close to signing Portugese second division striker Bruno Amorim, according to his club Oliveirense. The Belgium worldwide and the Serbian midfielder arrived at Old Trafford from Everton and Chelsea respectively.

US stocks rose on Friday as Wall Street clawed back from a sharp decline in the previous session, though geopolitical uncertainty continued to be the focus for investors, contributing to weekly declines.

"If the data continues to come in on the softer side, the market might start to price the Fed staying on hold this year", said Sireen Harajli, FX strategist at Mizuho in NY. The Russell 2000 index of smaller-company stocks picked up 1 point, or 0.1%, to 1,373. Germany's DAX was flat, while France's CAC 40 fell 1.1 percent.

The dollar slipped to 109.11 yen from 109.26 late Thursday.

Baker Avenue's Lip said the US market was higher due to "bargain hunters", but "there's more room for the market to come down".

The 30-year bond last /32 in price to yield 2.7933 percent, from 2.794 percent late on Thursday.

Investors instead turned to safe-haven assets such as gold, pushing it to a two-month high, and the Japanese yen rose. Wholesale price inflation eased to an eight-month low of 2.2 percent in July from 2.5 percent in June.

Ongoing global glut concerns lingered in oil markets despite a bigger-than-expected draw in US crude inventories, leaving prices volatile. Core prices had also been expected to climb by 0.2%.

I got burned: Some possible leads for certified Solar Glasses
The orbit of the moon around the earth is not in the same plane as the orbit of the earth around the sun. Yet even though a total eclipse won't be visible from the borough, eye protection is still a necessity.

Latest News