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Wall St ends off lows as traders buy N. Korea dip
10 Agosto 2017, 08:46 | Dolorita Barahona
European stocks set for lower open on North Korea tensions; Novo Nordisk reports
The Swiss Franc is now lower against the US Dollar but managed to hold onto the majority of gains made yesterday in the aftermath of elevated political tension between North Korea and the United States. Those shares tracked a climb of more than 1% in gold prices, to almost $1,280 an ounce.
All 11 major S&P sectors were lower and the consumer discretionary index was the biggest loser with a 1 percent drop.
The Dow finally ended 0.2 percent lower at 22,085.34 points.
Mounting tensions lifted U.S. defense stocks.
North Korea said it was considering plans to fire missiles at Guam, a US-held Pacific island, after President Donald Trump on Tuesday warned the nuclear-armed nation that it would face "fire and fury" if it threatened the United States. "The sell-off caused by geopolitical tensions on North Korea will likely be short-lived as long as both Trump and Kim Jong Un keep making feints against each other and neither takes military action", said Tomoaki Fujii, head of the investment research division at Akatsuki Securities Inc in Tokyo. This is surely welcome news after 2016 was the first year in which overall productivity in the USA dropped since 1982.
The dollar pared gains slightly after Trump's North Korea comments, still supported by the job market data which underscored the view that the Federal Reserve has ammunition to continue on its tighter monetary policy path.
The Bank of Japan said that producer prices were up 0.3 percent on month in July. Its shares slid $9.77, or 5.3 percent, to $174.02. Netflix was down 3.84 percent.
Futures markets were also pointing to a lower start for Wall Street, where missile makers have been the only significant gainers in recent days.
The dollar index .DXY rose 0.23 percent, with the euro EUR= down 0.39 percent to $1.1747.
Guam residents feel patriotism but worry grows — The Latest
Resident Isaac Camacho, 19, says he feels Guam's relationship with the U.S. mainland is "a little misunderstood on their part". Trump's shenanigans didn't trigger an international incident, even if they did prompt Kim Jong-un to threaten Guam.
Newlywed Garcia not on form that brought Masters win
Bevacqua praised Johnny Harris for his leadership in bringing the tournament to Charlotte and the Quail Hollow Club course setup. That said, the golfers who know the course might not recognize it as it underwent major renovations after the 2016 Wells Fargo.
Avis Budget Group, Inc
The company holds 85.70 million outstanding shares and 82.45 million shares are floating in market. (NASDAQ:CAR) for 448 shares. Shares of Avis Budget Group (CAR) have tumbled this morning-but one analyst contends the drop has created a buying opportunity.
North Korea to have Guam attack plan ready in days
The Navy used the island as a coaling base and communications station until Japan seized the island on December 10, 1941. The nose cone of the missile has to protect the weapon from the heat and aerodynamic forces of reentry.
Facebook's new Watch feature is all about video
The company will recommend shows based on what friends are watching, or what shows are generating a lot of "haha" emoji reactions. Video ads will also help offset what Facebook expects will be slowing growth in news feed ad, its primary source of revenue.
Dow streak of records ends amid US-North Korea tensions
TIME OUT: Fossil tumbled 23.7 percent after the watch maker said sales continued to weaken, falling short of analysts' estimates. The pan-European FTSEurofirst 300 index lost 0.77 percent and MSCI's gauge of stocks across the globe shed 0.37 percent.
Vettel sets new track record, grabs pole
Bottas let Hamilton past him, on the condition that he would give the position back if he couldn't get a clean shot at Raikkonen. It was amateur to say the least". "We've got to do the work tonight because the car currently isn't in the right window".
English Soccer is Back Too — Ted's Blog
Mohamed Salah was a great signing for Liverpool , and I'm still very upset that Jurgen Klopp didn't end up Arsenal's manager. Former Manchester United striker Javier Hernandez returns to the Premier League after spells in Spain and Germany.