Tech companies lead broad slide in U.S. stocks; oil rises

S&P closes barely lower despite North Korea tensions

"Although it is considered highly unlikely that this tension will escalate into a nuclear war, the market still needs to see how President Trump will eventually deal with his advocating "fire and fury" against North Korea's threat", said Margaret Yang Yan, market analyst at CMC Markets Singapore.

Almost $1 trillion has been wiped out from global equity markets since Trump's promise on Tuesday to unleash "fire and fury" on North Korea if it threatens the United States.

The Dow Jones Industrial Average shed 0.2 per cent to close the day at 22,048.70. The bench mark S&P 500 Index settled at 2474.92, down 5.99 or -0.24% and the tech-based NASDAQ-100 Index finished the session at 6368.43, down 15.34 or -0.24%.

Investors also reacted to North Korea fears. The Dow slumped 204.69 points or 0.9% to 21,844.01, the Nasdaq plummeted 135.46 points or 2.1% to 6,216.87 and the S&P 500 tumbled 35.81 points or 1.5% to 2,438.21.

"The escalation of the geopolitical situation between the US and North Korea is beginning to rattle investors' nerves as was witnessed in the VIX index yesterday", said Peter Cardillo, chief market economist at First Standard Financial.

Sonic Mania for PC delayed to August 29
Folks who pre-purchased Mania or the collector's edition will get a Steam copy of Sonic 1 for free. Using this code will add the game to your library, but it won't be available until the 29th.

The focus on North Korea largely overshadowed a Labor Department report showing an unexpected drop in United States producer prices in the month of July.

The Labor Department said on Friday its Consumer Price Index edged up 0.1% in July, which was below the 0.2% rise expected by economists polled by Reuters. Economists had expected another 0.1 percent uptick.

Excluding food and energy prices, core producer prices still dipped by 0.1% in July after creeping up by 0.1% in June.

A separate report from the Labor Department showed an unexpected uptick in initial jobless claims in the week ended August 5th.

Damage for the week: The days of verbal sparring between Washington and Pyongyang looks set to bruise weekly performances for the major USA indexes.

Daniel Dae Kim: 'Hawaii Five-0' exit was to 'maintain self-worth'
Kim made an appearance at the TCA to promote " The Good Doctor ", an upcoming show he executive produces on ABC . I know them and like them. " Hawaii Five-0" season 8 will premiere on September 29 at 9 p.m.

Cempra (CEMP) helped to lead the biotech sector lower, extending the pullback seen over the course of the previous session. With one session left to go, the S&P 500 was headed for a weekly drop of around 1.6%, which would be its biggest since a fall of 1.9% for the week ended November 4, 2016. Shares of Macy's lost $2.36, or 10%, to $20.67, their lowest close since 2010.

Internet, computer hardware, retail, and financial stocks are also seeing considerable weakness, moving lower along with most of the other major sectors. The stock fell $166 to $1,882.94.

Within the internet sector, Synacor (SYNC) fell sharply after the internet content provider reported better than expected second quarter results but provided disappointing guidance. Tokyo's Nikkei 225 tumbled 1.3 percent, while Seoul's Kospi fell 1.1 percent.

In Europe, stocks were trading in the red in morning trade, while Asia markets finished trade in negative territory. As a result, the yield on the benchmark ten-year note, which moves opposite of its price, is down by 1.5 basis points at 2.226 percent.

Nick Jonas cast in Chaos Walking
He's now set to play Davy Prentiss Jr., the son of the story's villain, Mayor Prentiss ( Mads Mikkelsen ). It is set to hit theatres in March, 2019.

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