Political tensions continue to weigh on stocks

But Wall Street is wondering whether the sell-off is due to North Korea - or just a widely anticipated pullback?

"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.

The Standard & Poor's 500 index fell 7 points, or 0.3 percent, to 2,467. The Nasdaq Composite dropped 40.64 points, or 0.64 per cent, to 6,311.70.

Trump had told North Korea to not "make any more threats" to the USA or the country "will be met with fire and fury like the world has never seen".

In other news, United States wholesale inflation dropped in July, the first contraction in almost a year and another data point that could weaken the case for the Federal Reserve to raise the benchmark interest rate again later this year.

Trisha Paytas has left the building
The US star made an impromptu exit late on Friday (11 August) night , opting to leave after Karthik Nagesan had been evicted. She then went on to slam Sarah Harding and alleged that CBB have somehow been giving her special treatment in the house.

The Dow Jones industrial average lost 50 points, or 0.2 percent, to 22,032.

Six out of the S&P 500's 11 major sectors closed positive on August 9.

Small-company stocks fell more than the rest of the market Wednesday. A U.S. Navy destroyer sailed within 12 nautical miles of an artificial island built up by China in a challenge to Beijing's territorial claims, officials told Reuters.

ANALYST TAKE: "Equities look set to end this week on a downer, as geopolitical uncertainty regarding North Korea shakes volatility from its 2017 slumber", said Mike van Dulken, head of Research at Accendo Markets.

The market indexes wavered between small gains and losses for much of the morning, then veered lower by afternoon.

Oliver Kay: Premier League elite powerless to stop rise of PSG
Pep Guardiola has praised the speed of Manchester City's summer transfer activity. We bought three and the market is so demanding not just for Manchester City .

The CBOE Volatility Index, a barometer of expected near-term stock market volatility, closed at its highest since the USA presidential election on Thursday, but was down 1.22 points at 14.82 points on Friday.

North Korea responded to the threat with a warning of their own saying it was "carefully examining" the idea of a missile strike in Guam, a U.S. Pacific territory. The stock fell another 2 cents, or 0.4%, to 5.12 Friday.

Shares of Manulife, which reported better-than-expected results, fell after the company played down talk of a John Hancock spin-off.

While gold, a safe-haven favorite, pared some gains, it was last up 1.2 percent, at around its highest since mid-June.

OIL: Benchmark U.S. crude lost 24 cents to $48.37 per barrel on the on the New York Mercantile Exchange while Brent crude, used to price worldwide oils, declined 20 cents to $51.70 per barrel in London.

Wal-Mart Stores Inc
BidaskClub upgraded shares of Wal-Mart Stores from a "hold" rating to a "buy" rating in a research report on Monday, July 31st. It has underperformed by 2.87% the S&P500.The move comes after 5 months positive chart setup for the $245.07 billion company.

S&P 500 e-minis were up 1.5 points, or 0.06 percent, with 300,073 contracts traded. Yields fall when bond prices rise.

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