Dow Falls Nearly 205 Points as North Korea Tensions Persist

US stocks veer higher in afternoon trading; oil heads lower

Gold is often seen as a safe haven for investors during uncertain times, such as the heated exchanges between U.S. President Donald Trump and the North Korean regime. The sell-off was widespread, with shares in financial and consumer companies leading the declines.

US stocks recovered temporarily late on Wednesday as investors appeared to brush off the geopolitical concerns following encouraging comments from Secretary of State Rex Tillerson.

After scaling back from record highs earlier in the session, Wall Street's three major indexes dipped after Trump said North Korea "will be met with fire and fury" like the world has never seen if it threatens the United States.

US stock indexes edged lower in early trading Tuesday, Aug. 8, 2017, pulling back from the markets most recent record highs.

The CBOE Volatility Index, a barometer of expected near-term stock market volatility, closed at its highest since the election. The Dow is down 123.95 points or 0.6 percent at 21,924.75, the Nasdaq is down 95.89 points or 1.5 percent at 6,256.44 and the S&P 500 is down 23.40 points or 1 percent at 2,450.62. Crude oil prices headed lower.

Tour operators requested to adjust holidays to China's earthquake-hit area
The quake tore cracks in mountain highways and AFP journalists saw cars that had been smashed by giant falling boulders. The brothers were staying with their mother in a hotel in Jiuzhaigou when the quake struck.

The Russell 2000 index of smaller companies shed 13.20 points, or 0.9 percent, to 1,396.95.

The Dow slid as declines in shares of Apple and those of Goldman Sachs, recently down 2.3 percent and 1.7 percent respectively, outweighed gains in shares of McDonald's and those of Coca-Cola, recently up 1.4 percent and 0.5 percent respectively.

The Nasdaq is up 0.77 points, or 0.01 percent. After paring gains it was still on track for its biggest one-day percentage gain since May 17.

In recent trading, the Nasdaq and the S&P 500 have fallen to new lows for the session.

FASHIONABLE RESULTS: Investors cheered Ralph Lauren's latest quarterly results, sending the designer clothing company's shares up 11% to $86.74.

Nintendo Switch Facing Lawsuit Over Its Tablet Design
California-based Gamevice filed its lawsuit at the US District Court for the Central District of California on Wednesday, July 9. There are two analogue sticks, a D-Pad and four action buttons with a display in the middle but that's really the extent of it.

Before its slide, the Dow industrials climbed to nine consecutive records through Monday and topped 22000 for the first time August 2.

Biotechnology stocks are turning in some of the market's worst performances on the day, resulting in a 2.4 percent drop by the NYSE Arca Biotechnology Index.

The September crude contract was up 20 cents to US$49.76 per barrel and the September natural gas contract was up seven cents to US$2.95 per mmBTU. It fell 19 cents, or 0.4 percent, to $49.39 per barrel Monday in NY. Kohl's fell $2.43, or 5.8%, to $39.50. Economists had expected another 0.1 percent uptick. Britain's FTSE 100 added 0.1 percent.

In overseas trading, stock markets across the Asia-Pacific region saw further downside during trading on Thursday.

RBI may reduce key policy rate, says Economic Survey report
The Survey wanted stock limits and movement curbs on farm goods to end and credit off-take from banks to pick up. The report noted that there has been a "spurt in new tax payers and reported income after demonetisation".

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