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Global stocks shudder on Trump warnings to North Korea

14 August 2017

USA stock indexes were set to open little changed on Friday, with the S&P 500 on track to post its biggest weekly loss in nine months, as investors remained cautious on heightened tensions between the United States and North Korea.

The S&P was only down 0.1 percent for the week entering the session. It also came amid heightened tensions between North Korea and the United States.

While markets shrugged off news earlier in the day that North Korea had developed nuclear warheads, Trump's threatening reaction later in the day prompted a more nervous reaction from investors.

MARKETS OVERSEAS: In Europe, Germany's DAX fell 1.1 percent, while France's CAC 40 slid 1.4 percent.

Computer hardware stocks rebounded following recent weakness, with the NYSE Arca Computer Hardware Index climbing by 1.4 percent.

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Wall Street closed sharply lower, with Dow Jones down over 200 points on Thursday.

-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.

Investors have been jittery about North Korea since Tuesday when Trump said any threats from Pyongyang would be "met with fire and fury like the world has never seen".

"Our assumption is that the "battle of the bombasts" will remain verbal for the foreseeable future and that Guam will drop out of the headlines as quickly as it has been inserted into them", Michael Shaoul, chairman and CEO of Marketfield Asset Management, said in a note. The S&P 500 index was down 18.45 points to 2,455.57 and the Nasdaq composite index was down 68.32 points to 6,284.01.

S&P 500 e-minis were up 1.5 points, or 0.06 percent, with 300,073 contracts traded.

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On the way down, the woman's vehicle hit a building on the other side, taking out the alley surveillance camera. The incident happened July 13 at the Littlefield Garage at 6th and Brazos streets, according to Fox 7 .

Charter Communications rose 2.9 percent on news Altice is exploring a bid for the cable giant.

Travel website operator Priceline fell 7.26 per cent, weighing the most on the S&P and the Nasdaq, following a disappointing forecast.

Nvidia's quarterly revenue in its data center and automotive businesses missed estimates, dragging the chipmaker's shares down 8.6 percent. Silver gained 20 cents, or 1.2 percent, to $17.07 an ounce.

Sterling was also down 0.1% versus the euro at 1.104. Brent crude, used to price worldwide oils, gained 56 cents to $52.70 in London.

September-dated crude futures settled up 0.8%, or 39 cents, at $49.56 per barrel. Earlier in Asia, Japan's benchmark Nikkei 225 slipped less than 0.1 percent, while Hong Kong's Hang Seng slid 1.1 percent.

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Smith survived the shooting despite suffering two broken arm bones and a life threatening wound to his neck. The Fourteenth Circuit Solicitor's Office shared the entire video taken on Officer Smith's glasses.

Shanghai posted its biggest one-day drop since December while Seoul stocks again ended deep in negative territory and the won continued its slide against the dollar.

Global stocks shudder on Trump warnings to North Korea