Markets Right Now: Stocks drift lower on Wall Street

14 August, 2017, 01:43 | Author: Gladys Mathis
  • A street sign for Wall Street is seen outside the New York Stock Exchange in Manhattan New York City

Investors' unease over escalating tensions between the USA and North Korea had weighed on stocks earlier in the day, pushing gold and bond prices slightly higher.

The Labor Department said its consumer price index inched up by 0.1 percent in July after coming in unchanged in June. Secretary of State Rex Tillerson later insisted the US isn't signalling it's about to mete out a military response despite threats from North Korea suggesting it could attack Guam, a USA island territory in the Pacific.

United States stocks also fell, lingering in negative territory the entire session, but notching smaller declines than in overseas markets.

MARKETS OVERSEAS: Major indexes in Europe slumped.

Top automaker Hyundai Motor was up 0.69 percent, and top steelmaker POSCO advanced 0.44 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.

-All 19 industry groups on the Stoxx 600 fell, with volume about 13 percent higher than the 30-day average at this time of day.

Trump had told North Korea to not "make any more threats" to the USA or the country "will be met with fire and fury like the world has never seen". The Nasdaq composite lost 0.2 percent, to 6,370.46.

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He is working towards a degree in multi-platform journalism with a minor in history at nearby University of Maryland. A US official told ABC News that Russians often fly Open Skies missions over key locations.


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The CBOE Volatility Index .VIX , a barometer of expected near-term stock market volatility, closed at its highest since the USA presidential election on Thursday, but was down 1.22 points at 14.82 points on Friday. As a result, the yield on the benchmark ten-year note, which moves opposite of its price, dipped by 2.3 basis points to 2.189 percent.

Disney dropped 3.9 percent, its biggest single-day loss in more than a year, after the media giant reported a weak quarter and said it would pull its movies from Netflix and start two of its own video streaming services.

On Wednesday, North Korea's military said it is considering missile strikes near Guam, warning that it is ready to stage an all-out war if Washington launches a preventive war against it. Netflix lost 1.5 per cent. Silver gained 47 cents, or 2.9 percent, to $16.86 an ounce.

In currency markets, the Canadian dollar was trading at an average price of 78.71 cents USA, down 0.20 of a U.S. cent. Brent crude, used to price global oils, gave up 29 cents to $51.85 in London. Copper fell 2 cents to $2.93 a pound.

CURRENCIES: The dollar fell to 109.87 yen from 110.48 yen late Tuesday.

Nordstrom Inc.(JWN) shares rose 1.6% after the retailer late Thursday posted earnings that beat expectations (http://www.marketwatch.com/story/nordstrom-shares-rise-after-retailer-tops-views-sales-rise-2017-08-10), along with a sales rise.

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