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prensaestatal.com Agosto 23, 2017


North Korea nerves rattle stocks, lift gold, yen

11 Agosto 2017, 04:01 | Dolorita Barahona

US stocks close lower, ending Dow's 10-day winning streak

Stocks fall on Trump's North Korea warning; dollar up after data

US stocks closed slightly lower Wednesday, making up much of the ground they lost earlier after a rare batch of earnings disappointments by Walt Disney and other big companies.

The dollar index fell 0.14 per cent, with the euro unchanged at US$1.1757.

"Trump's response was aggressive and that's why the (stock) market turned lower", said Ken Polcari, director of the NYSE floor division at O'Neil Securities.

It was a down day for Asian stocks, as traders shied away from riskier assets amid the ongoing war of words between North Korea and the U.S. The biggest loser in the region was Hong Kong's Hang Seng, which dropped 1.1%. The broad-based S&P 500 dropped 0.2 percent to 2474.92 points, and the Nasdaq dropped 0.2 percent to 6370.46 points.

Shares of staffing firm Adecco slumped 6.4 percent after its results. The statement follow's U.S. president Donald Trump saying any further threats to the USA by North Korea would be met with "fire and fury".

Secretary of State Rex Tillerson urged calm and said Americans should have "no concerns" after North Korea and President Donald Trump traded fiery threats, insisting Wednesday he doesn't believe there is "any imminent threat".

The pan-European FTSEurofirst 300 index lost 1.19 percent. Silver also rose, gaining 43 cents, or 2.6 percent, to $16.82 an ounce.

It was an escalation of words Tuesday between the US and North Korea, following reports that the small country had created a warhead small enough to fit on top of an intercontinental ballistic missile.

Pyongyang, which has threatened to fire missiles toward the US Pacific island territory of Guam, gave more details of its plans. Stock markets have been rising for the last few weeks and Dow Jones Industrial Average has been hitting new all-time high on many occasions.

The 30-year bond last rose 5/32 in price to yield 2.8107 percent, from 2.818 percent late on Wednesday. Most importantly, it reveals 4 stocks with massive profit potential.

LACKLUSTER QUARTER: Office Depot sank 24.5 percent after the office supply company's second-quarter results fell short of Wall Street's projections. Copper fell 2 cents to $2.93 a pound. The Dow rallied to another record high as well as the S&P 500 Index after the Labor Department said on Tuesday that job openings, a measure of labor demand, increased 461,000 to a seasonally adjusted 6.2 million, the highest level since the series started in December 2000.

OIL: Benchmark U.S. crude added 39 cents to settle at $49.56 a barrel on the New York Mercantile Exchange.

CURRENCY: The dollar declined to 109.79 yen from Tuesday's 110.34 yen. USA crude rose 1.08 per cent to US$49.70 per barrel and Brent was last at US$52.78, up 1.23 per cent on the day. Natural gas gained two cents to 2.82 dollars per 1,000 cubic feet. The commodity touched over $1,284.40 an ounce on Wednesday, which marked the highest intraday price in nearly two months.



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