Donald Trump's Twitter attack on Theresa May 'misinterpreted' - U.S. envoy
Iran President Due in Istanbul to Attend OIC Summit on Al-Quds
1 magnitude quake strikes near major city
United States soldier who drunkenly deserted to North Korea dies
Supreme Court Won't Hear Case Seeking Title VII Protection for Gays
FTSE sell-off gathers strength on North Korea fears
13 August 2017, 11:12 | Terri Saunders
By Kimberly Chin
Travel and media companies led US stocks lower in afternoon trading Wednesday as some rare earnings disappointments weighed on the market.
European stocks were shoved lower Friday, heading for their worst weekly loss in nine months, as the war of words between the USA and North Korea prompted investors to back away from assets perceived as risky.
The Nasdaq Composite was down 16.88 points, or 0.26 percent, at 6,353.58.
Biotechnology stocks are turning in some of the market's worst performances in morning trading, resulting in a 1.6 percent drop by the NYSE Arca Biotechnology Index.
And US stock indices the Dow Jones and S&P 500 are down for the second day in a row after the North Korean dictator threatened a missile strike on US bases in Guam.
The technology sector was the S&P's biggest drag with a 2.2 percent drop.
Singapore banks led the decline, with DBS Group shedding 2.2 per cent or 46 cents to $20.80; OCBC Bank fell 12 cents or 1.1 per cent to $11.20; United Overseas Bank Group lost 1.3 per cent or 33 cents to $24.20. It soared over 2 percent in the previous two sessions, and is set for a weekly gain of 2.25 percent.
Six of the S&P 500 sectors ended higher.
The Labor Department is also expected to issue its Producer Price Index (PPI), which is likely to have remained unchanged at 0.1 percent in July.
Are the Beckhams making a cameo on Modern Family?
The role of Phil is being played by [ David Beckham ]. "The role of Victoria Beckham is being played by @jessetyler", he joked. What happens when you combine the Beckham family and Modern Family? "Lovely to see you pictured all together".
Tesla's $1.8B Bond Sale…Wait, I Though It Was $1.5B?
Until now, Tesla has only referred to the two models by the 220 and 310 miles they respectively drive before needing a recharge. Interested in solar? Get a solar cost estimate and find out how much a solar system would cost for your home or business.
The S&P/TSX composite index was down 91.01 points to 15,126.32, after 90 minutes of trading.
The news was also greeted with dismay by traders in Asia, with Tokyo down 1.3 percent, Hong Kong losing 0.4 percent and Seoul registering a 1.1-percent decline. "That reset is being triggered by North Korea geopolitical concern and stretched valuations", said Peter Kenny, senior market strategist at Global Markets Advisory Group, New York.
Data showed USA producer prices unexpectedly fell in July, recording their biggest drop in almost a year, while another set showed the number of Americans filing for unemployment benefits unexpectedly rose last week.
Major indexes in Europe closed mostly lower. Wholesale gasoline was little changed at $1.62 a gallon, heating oil rose 2 cents to $1.65 a gallon and natural gas rose 6 cents to $2.88 per 1,000 cubic feet.
About 6.22 billion shares changed hands on USA stock exchanges, slightly above the 6.15 billion average for the last 20 sessions.
The market's backstop safety asset, gold, edged up to its latest two-month high of $1,288 an ounce.
Canadian Tire Corp Ltd rose 3.4 percent to C$146.65. Copper rose 1 cent to $2.91 a pound.
The pan-European STOXX 600 was down 0.7% at closing, France's CAC 40 fell 1.4% after a auto hit a group of soldiers in Paris in what is thought to have been a deliberate act, and a fall in bond yields saw Germany's DAX down 1.1%. The euro strengthened to $1.1756 from $1.1752.
Former Red Wings coach Bryan Murray dies of cancer at 74
He took over as Ottawa's coach during the 2005-06 season and responded by leading the team to the Conference Final. Murray said he wanted his legacy to be cancer awareness. "He would come in and just sit down with guys", he said.