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prensaestatal.com Diciembre 16, 2017


U.S. stocks fall again on North Korea tensions

12 Agosto 2017, 06:15 | Dolorita Barahona

While you were sleeping: 'Fire and fury' hits stocks

Major earnings and North Korea worries set to claim the limelight on Wall Street

Meanwhile, gold stocks are bucking the downtrend, driving the NYSE Arca Gold Bugs Index up by 1.2%.

On Tuesday, U.S. President Donald Trump warned the Asian country about facing "fire and fury" if North Korea delivers more threats against the U.S.

The NASDAQ Composite Index and Dow reversed their direction after President Trump's comments on North Korea. Trump's comments followed reports the North has mastered a technology needed to strike the United States with a nuclear missile.

The FXTM brand provides worldwide brokerage services and gives access to the global currency markets, offering trading in forex, precious metals, Share CFDs, ETF CFDs and CFDs on Commodity Futures. On Wall Street, the future for the Standard & Poor's 500 index fell 0.4 percent and that for the Dow Jones industrial average lost 0.1 percent. The Dow rose slightly on Friday after shedding 205 points the day before, its worst slide in almost three months.

US DATA: The other potential driver in markets will be upcoming USA economic data, including monthly inflation figures, which could go a long way to determining expectations for the pace at which the Federal Reserve raises interest rates. The Nasdaq composite fell 35 points, or 0.5 percent, to 6,336. The Russell 2000 index of smaller-company stocks gave up 6 points, or 0.5 percent, to 1,390.

Gold prices turned higher after unease over North Korea, reversing the downward move after the jobs data lifted the dollar. The yield on the benchmark 10-year Treasury fell as low as 2.197 per cent, its lowest level since June 28, before inching back to 2.201 per cent. The slide deepened after Trump's remarks on North Korea aired.

Declines in USA stocks accelerated Thursday, a pullback that many investors and analysts said had been overdue with indexes at highs and volatility near record lows. The operator of travel websites reported weaker-than-expected quarterly results (http://www.marketwatch.com/story/tripadvisor-shares-fall-6-after-company-misses-quarterly-views-2017-08-08) late Tuesday. The stock lost 78 cents to $3.93.

However, shares of Dean Foods tumbled, trading 20.1 per cent weaker at US$11.96 as of 2.24pm in NY, after the USA dairy processor posted quarterly results that fell short of expectations and downgraded its full-year forecast amid "a challenging and rapidly evolving retail environment".

Health care equipment and services company Henry Schein declined amid a broader slide by health care stocks.

The 30-year bond US30YT=RR last fell 6/32 in price to yield 2.8451 percent, from 2.837 percent late on Monday. Brent crude, used to price global oils, gained 10 cents to $52.24 in London.

In other energy futures trading, wholesale gasoline dipped 1 cent to $1.62 a gallon.

With trading equally as quiet in the Eurozone, the Euro ended the London session unchanged, despite earlier falling below the 1.17 mark against the Dollar for the first time in nearly two weeks.

The Korean won also continued to skid, sliding 0.4 per cent to 1,146.2, below its 200-day moving average. Silver gained 1 cent to $17.07 an ounce. Copper rose 4 cents to $2.94 a pound.

CURRENCIES: The dollar slipped to 109.48 yen from 109.85 late Wednesday.

In Europe, France's CAC 40 fell 1.6 percent to 5,135 while Germany's DAX was down 1.3 percent at 12,133. Britain's FTSE 100 added 0.1 percent.

Disappointing earnings also helped pull the market lower Wednesday. The dollar was down 1.2 percent at 0.9627 Swiss francs, while an ounce of gold was 1 percent higher at $1,275.

On Friday, the S&P 500 rose 3.11 points, or 0.1 percent, to 2,441.32. Hong Kong's Hang Seng added 0.6 percent.



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