Wall Street swings lower on North Korea fears

10 August, 2017, 00:33 | Author: Valerie Burke
  • An aerial view of U.S. Naval Base Guam

USA stock index futures pointed to a slightly lower open on Wednesday, as investors focus on rising geopolitical tensions between the US and North Korea, and get ready to pore over another slew of corporate earnings.

President Donald Trump warned North Korea, saying that any provocation and threats "will be met with fire and fury".

The Nasdaq Composite.IXIC was up 28.11 points, or 0.44 percent, at 6,411.88.

The back-and-forth came on the heels of reports the U.S. intelligence community has determined North Korea has successfully produced a miniaturized nuclear warhead that can fit inside its missiles.

The drop by Disney comes after the company reported fiscal third quarter earnings that came in above estimates but on weaker than expected revenues.

The Toronto Stock Exchange's S&P/TSX composite index was down 39.02 points to 15,217.33 in a broad-based decline that saw many sectors finish in the red while bullion stocks surged almost 1.9 per cent.

Following two relatively quiet days on the United States economic front, trading on Wednesday may be impacted by a report on labor productivity and costs in the second quarter. Mainland markets also traded below the flat line, with the Shanghai Composite slipping 0.18% and the Shenzhen Composite lower by 0.14%. Gold rose 1.2 percent, while the Swiss franc was on track to post its biggest single day rise in about two-and-a-half years.

Unit labor costs had been expected to climb by 1.2 percent compared to the 2.2 percent jump that had been reported for the previous quarter.

Horrified tourists watch woman drag daughter's body into woods
Police told him on Sunday his daughter was dead and Newsome was incarcerated, Plummer said in the interview. She shared that the child's father lived in Buffalo, New York and that's where she was driving toward.

President Trump retweets Fox report based on anonymous sources
At a briefing on August 8, Trump said that any further threats from the North Koreans would be met with "fire and fury". Officials at the agency would not comment Tuesday on the report.

European Central Bank say no contact from South Africa over Gibson
Bairstow had still guided England from the precarious position of 260-6 overnight to a now-formidable 362. Moeen was especially severe on Maharaj, hitting him for three resounding sixes.

The major European markets also showed notable moves to the downside on the day.

Declining issues outnumbered advancers on the NYSE by 1,859 to 737.

In overseas trading, stock markets across the Asia-Pacific region turned in a mixed performance during trading on Tuesday.

The weakness among oil service stocks came amid a modest decrease by the price of crude oil, with crude for September delivery slipping USD0.22 to USD49.17 a barrel.

Travel website operator Priceline fell 6.72 percent, while travel-review website operator TripAdvisor was down 7.74 percent after both the companies issued disappointing forecasts.

Ten out of the 11 major S&P 500 sectors fell after the comments with the only gains seen in the utilities sector. While the UK's FTSE 100 Index slid by 0.6%, the German DAX Index slumped by 1.1% and the French CAC 40 Index tumbled by 1.4%.

Safe-haven assets gained following the mounting geopolitical tensions.

Bond prices fell. The yield on the 10-year Treasury note rose to 2.29 percent.

Recommended:

  • Gaza: Israel strikes 'Hamas positions' after Ashqelon rocket

    Gaza: Israel strikes 'Hamas positions' after Ashqelon rocket

    On missile launches military usually respond with air strikes or artillery on the militants ' infrastructure. Shortly before 9 P.M., warning sirens blared in Ashkelon and the nearby Hof Ashkelon Regional Council.
    US Military Can Now Down Drones Flying Over US Bases

    US Military Can Now Down Drones Flying Over US Bases

    The Pentagon said the new policy applies to 133 military facilities, presumably the same ones listed in April's announcement. Davis said the Defense Department worked with the FAA and other federal agencies to develop its new policy.
    Tesla (TSLA) is raising $1.5 billion to expand Model 3 production

    Tesla (TSLA) is raising $1.5 billion to expand Model 3 production

    The Tesla Owners Club Italia team managed to make a 1,078km/669.8 miles trip with a single charge in their Model S P100D. If you look at current pricing, this statement remains untrue. "Obviously, that's like the promised land right there".
  • Kajol and Karan back to being buddies?

    Kajol and Karan back to being buddies?

    Both Kajol and Karan have worked together in blockbusters like Kuch Kuch Hota Hai , Kabhi Khushi Kabhi Gham and My Name is Khan. But, it seems like Karan Johar and Kajol have let the bygones be bygones and sorted things out.
    Ohio State Fair accident caused by 'excessive corrosion'

    Ohio State Fair accident caused by 'excessive corrosion'

    Graphic video of the accident showed one of the "passenger-carrying gondolas" breaking apart from the central bar of the ride. KMG said any fairs featuring the Fireball should cease operation of the ride immediately pending further investigation.
    Australian teen's feet, legs bloodied by mystery sea creatures

    Australian teen's feet, legs bloodied by mystery sea creatures

    The leading theory was that Kanizay probably came in contact with sea lice , which are usually parasites of fish. Mr Kanizay said by the time Sam returned to his shoes, his legs were covered in blood.
  • 'Celebrity Big Brother' 2017: Sarah Harding And Jemma Lucy In Blazing Row

    'Celebrity Big Brother' 2017: Sarah Harding And Jemma Lucy In Blazing Row

    Jemma then accused: "When well we know what you do after which is a f**k load of drugs. sort your nose out". Sarah is now second favourite to win the series, with Gogglebox's Sandi Bogle still at number one.
    Iranian drone comes close to United States  fighter jet

    Iranian drone comes close to United States fighter jet

    The jet had to maneuver to avoid collision with the QOM-1, coming just 200 feet laterally and 100 feet vertically of each other. Navy ship fired warning shots at an Iranian vessel after U.S. officials claimed it closed to within 150 yards (450 feet).

    Alexis back in training plus transfer updates

    Wenger expects the league's elite teams to be stronger after the summer transfer market and sees the Blues dropping more points. The previous two English champions, Leicester and Chelsea , were unburdened by the pressure of European football .
  • Liberal's interim leader cut up at Clark's sudden departure

    Liberal's interim leader cut up at Clark's sudden departure

    A statement announcing the decision also included the disappointment of Christy Clark stepping down earlier in the day. Weaver struck a deal with new Premier John Horgan and the BC NDP to form a minority government in late May.
    Amarnath Yatra Attack: J&k Police Confirms Lashkar's Involvement, Three People Arrested

    Amarnath Yatra Attack: J&k Police Confirms Lashkar's Involvement, Three People Arrested

    The terrorists had used code words "Shaukat" for a vehicle carrying yatris, and "Bilal" for a CRPF vehicle, he said. The three "co-conspirators" had also provided shelter to the four militants in Khudwani and Srigufwara, Khan said.
    India urged to take seriously China's position document, withdraw trespassing troops

    India urged to take seriously China's position document, withdraw trespassing troops

    The road China is trying to build leads towards the Indian border and could prove strategically useful to the east Asian superpower.


Popular

Six injured as vehicle hits soldiers in Paris suburb
Six soldiers in France were wounded - two seriously - after a vehicle rammed into them in a Paris suburb on Wednesday morning. One official said the attacker hit just as a group of soldiers emerged from the building to board vehicles for a new shift.

YouTube CEO Susan Wojcicki 'pained' by anti-diversity memo
Labor Department is investigating Google to see whether the firm has unlawfully paid women less than men. At the center of this storm is the company's new chief diversity officer, Danielle Brown .

Brandon Albert changes mind about retiring, wants to return to Jaguars
The Jaguars keep his rights , but if Albert decides he really, truly wants to play again, they have to either pay or cut him . Albert has walked out on the team a couple of times since he was acquired from the Dolphins back in March.

Spotify makes its Xbox One debut
On the home screen, players will be able to see their most recently played games along with hints, suggestions and advertisements. You'll be able to stream music through Spotify on the Xbox One in the background while gaming, Microsoft has announced .

Jay Cutler makes the Dolphins better. Will it even matter?
On Thursday evening, the team will visit the Miami Dolphins for the first preseason game of the year. Here's to hoping Cutler doesn't have to get too into shape and that he finds that dinner room.

Jury selection begins in the case of Taylor Swift versus the DJ
Opening statements in the case are expected sometime Tuesday, and that's when both Swift and Mueller will both have to be present. Swift plans to donate any winnings from the trial to a charity that fights against, and protects women from, sexual assault.

Okinawa-based Osprey crashes off Australia
The exercises were a followup to joint military training between USA and Australian forces that wrapped up last week. A squadron of Ospreys is based at the Marines' Futenma base on the southern Japanese island of Okinawa.

Fox News host Eric Bolling suspended amid investigation
Fox's full statement reads, " Eric Bolling has been suspended pending the results of an investigation, which is now underway". One of the women said when she told him to stop sending her pics, Bolling did not respond. "Thank you.

Mueller requests White House documents on Flynn
Flynn's consulting business was paid $530,000 to handle a campaign against an opponent of the Turkish government. Taking money from Turkey or any foreign government is not illegal.

Philippines seeks ASEAN consensus on North Korea response
Also speaking to reporters, Mr Wang said the meeting went "very well". "We need to get used to this kind of to-ing and fro-ing". Chinese Foreign Minister Wang Yi said a "framework draft" was "agreed upon and approved" during meetings in Manila.