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United States stocks slip, snapping Dow's 10-day winning streak
13 Agosto 2017, 02:23 | Dolorita Barahona
Trump pounds North Korea
Brewing tensions between the US and North Korea put investors in a selling mood again Thursday, dragging USA stocks lower for the third day in a row.
The Dow and S&P 500 inched higher on the day but they both posted their largest weekly percentage drops since late March.
Technology companies led US stocks slightly higher in afternoon trading Friday, recouping some of the losses from the day before.
Shares in several other big media companies also declined.
The utilities index .SPLRCU , often seen as a bond proxy because of its companies' slow reliable growth and high dividends, was the only S&P sector that ended the day up, showing a 0.25 per cent gain.
Russian Foreign Minister Sergey Lavrov warned on Friday that a war between the US and North Korea would be disastrous, and said his country was proposing - in conjunction with China - a path to a peaceful resolution of the nuclear standoff.
"While the US President insists on ramping up the war of words, there is a decreasing chance of any diplomatic solution", Carnell said.
MSCI's broadest index of Asia-Pacific shares outside Japan was down 0.2 percent in early trading, while Japan's Nikkei was 1.2 percent lower as the stronger yen sapped investors' appetite.
In other precious metal trade, silver futures rose 1.01% to $17.034 while platinum futures rose by 0.36% to $990.15.
The Nasdaq Composite was up 19.35 points, or 0.31 percent, at 6,236.22.
The annual decline in prices stands at 1.7% in July, compared to 1.6 % in June, according to the index, below the 2% target of the federal Reserve.
Smaller-company stocks also fell sharply. All the indexes are down for the week. The yield on the 10-year Treasury note fell to 2.22 percent from 2.26 percent late Tuesday.
World equity markets were lower Friday on the back of simmering tensions between the United States and North Korea, but firmer prices on Wall Street helped put a floor under the losses in Europe, dealers said.
In commodities trading, crude oil futures are slipping $0.10 to $48.49 a barrel after tumbling $0.97 to $48.59 a barrel on Thursday. They have soared over 2 percent in the previous two sessions, and are set for a weekly gain of 2.25 percent. Australia's S&P/ASX 200 dropped 1.2 percent, while Japan was closed on a public holiday. France's CAC 40 fell 1.1 percent to 5,057.43 while Germany's DAX lost 0.5 percent to 11,953.94.
Front month Comex gold for August delivery rose 0.84% to $1,283.70 per troy ounce on Thursday. It slid 80 cents, or 1.5 percent, to close at $51.90 per barrel on Thursday.
In commodities trading, U.S. crude oil was wallowing around $49 to the barrel amid speculation that a predicted gain in American output will offset OPEC-led efforts to trim a global glut.
In terms of forex market movements, the United States currency lost significant ground relative to majors including the yen, sterling and the euro - most notably the latter one - as the news on inflation went public.
Highlights of Friday's second round of the PGA Championship
Matsuyama fired a 61 last Sunday to win the World Golf Championships event in Akron, calling it the best round of his career. An adventurous back nine by 2015 PGA victor Jason Day serves as one example of the toll Quail Hollow is taking.
Glendale College to host viewing of the Great American Eclipse
When the period of total eclipse ends for viewers near Charleston, S.C., it will be 2:49 p.m. both there and here in Baltimore. The moon's shadow will progress until the total solar eclipse should occur at about 2:30 p.m. and will last about 90 seconds.
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The second half started with more of the same, as the Potters were stung into action by being undeservedly behind. Everton are a continual top-half Premier League club, but can not seem to break into the top four.
Bolt to run in 4x100 metres qualifying
Since then, Bolt went on to win many gold medals, made and broke records, and gained the status of a greatest-of-all-time (GOAT). Usain Bolt hugs Justin Gatlin after the American won the 100m final at the World Athletics Championships in London .