Wall St set to open flat after inflation data, N.Korea tensions

European Shares Plummet

Stocks are lower at midday as investors weighed the growing tensions between the US and North Korea.

The Dow Jones industrial average lost 71 points, or 0.3 percent, to 22,013.

The benchmark S&P 500 index tumbled more than 1 percent on Thursday, only the third time this year it has fallen that much, while the Nasdaq shed more than 2 percent.

Nasdaq 100 e-minis were down 17 points, or 0.29 percent, on volume of 36,232 contracts.

The selling in USA markets started on August 8 after President Trump warned North Korea that threats will be "met with fire and fury".

Banks .SX7P also fell 1.6 percent, with the sector posting its worst week in nine months.

North Korea said it was completing plans to fire four intermediate-range missiles over Japan to land near the U.S. Pacific island territory of Guam in an unusually detailed threat.

Buccaneers cut ties with kicker Roberto Aguayo
I hit it good. "When you get bored doing something, 'well there's more I can do". "I keep saying it and I can't say it anymore". The placekicker actually got the game started with an opening-drive chip-shot field goal from 20 yards out.

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 data comes amid tepid inflation that has remained below the Federal Reserve's 2 percent target, despite low unemployment. Prices for bonds and gold headed higher.

The biggest fallers were Standard Life down 16p to 410.8p, Rio Tinto down 109.5p to 3,370p, Old Mutual down 6.2p to 195.3p, Anglo American down 39p to 1,238.5p.

"If the market truly believed the North Korea reaction was imminent, I think it would be down a lot more than it is", said Alan Skrainka, chief investment officer at Cornerstone Wealth Management.

Gold held steady at two-month high with spot gold rising 0.1 percent to $1,287.83 per ounce, putting the precious metal on pace for its biggest weekly gains since April.

Michael Kors climbed 21.5 percent after the luxury handbag and apparel designer and retailer's latest quarterly results beat analysts' forecasts as sales improved.

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.

European states recalled eggs over contamination scandal
The British Egg Industry Council said consumers concerned about the safety of their food should look for British Lion eggs. The substance can damage people's kidneys, liver and thyroid glands if eaten in large quantities.

Avis Budget Group slumped 9.9 percent after the auto rental company cut its guidance following a weak second quarter.

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.

The pound was up 0.3% against the euro at 1.1091 and down nearly 0.1% on the dollar at 1.2994. Simon Property Group fell 2.1% to $162.86.

Stocks rose as market bulls saw a buying opportunity after the threat of North Korea pulled Wall Street lower for three days straight.

Wilmar International slipped 6.4 per cent or 22 cents to $3.20; Hongkong Land lost 2.1 per cent or 16 USA cents to US$7.34.

The U.S. dollar fell to 110.48 yen from 110.72 yen late Monday.

To air 'Jersey Shore' reunion special August 20
The first official teaser for the brand new series Road Trip Reunion has finally been revealed. Their docu-series initially ran on MTV 2009-12.

Related news:

Hot News

isis-killer-beheading-video-story-top Conte desperate to improve Chelsea squad
Aug 12, 2017 - 21:25
The Premier League champions have signed four players this summer but have sold several squad players from last season's title win.

isis-killer-beheading-video-story-top Dota 2-Playing Robot Beats the Pros at The International
Aug 12, 2017 - 21:21
The next step for OpenAI is to build a team of Dota bots that can both compete, and partner with, human players. Sumail, also a TechJuice 25 under 25 , is one of the Time Magazine's top 30 influential teenagers.

isis-killer-beheading-video-story-top Analysts Opinions on: Physicians Realty Trust (DOC)
Aug 12, 2017 - 21:12
General Motors Company (NYSE:GM) shares were trading lower by -0.31 percent ($-0.11) at $35.28 a piece in Wednesday's session. Year to date Physicians Realty Trust (NYSE:DOC) is -5.49%, -9.45% over the last quarter, and -5.93% for the past six months.

isis-killer-beheading-video-story-top Trump tells Guam Governor 'you are safe'
Aug 12, 2017 - 20:55
But Guam's governor said Thursday he supported Trump's stern warning to North Korea, saying "I want a president that says that". On Aug. 11, he said that military solutions are "locked and loaded" should North Korea continue its threats.

isis-killer-beheading-video-story-top The Case for and Against Fidelity National Information Services, Inc. (FIS)
Aug 12, 2017 - 20:36
With 78,600 avg volume, 27 days are for Chemocentryx Incorporated (NASDAQ:CCXI)'s short sellers to cover CCXI's short positions. In other news, CFO Anthony Park sold 138,941 shares of Fidelity National Financial stock in a transaction on Friday, May 19th.

isis-killer-beheading-video-story-top Jamie Carragher sends message to Gary Neville after Liverpool draw at Watford
Aug 12, 2017 - 20:09
What are they looking at? "It's not rocket science how Liverpool concede goals: set-pieces and counter-attacks". Jurgen Klopp's side went into half-time trailing 2-1 at Vicarage Road, after conceding two sloppy goals.

isis-killer-beheading-video-story-top Solar Eclipse of the sun August 21st
Aug 12, 2017 - 20:08
And so that Saros, that notion of that periodicity, that long-range periodicity, has been known since ancient times. Scientists and amateur astronomers have been using NASA data to plan their eclipse trips for years.

Wenger 'relieved' Giroud has chose to stay
Aug 12, 2017 - 20:08
Following Danny Welbeck's leveller in first-half stoppage time, another corner yielded Leicester's third goal as Riyad Mahrez's cross was headed home by Vardy.

isis-killer-beheading-video-story-top Spice it Up Bigg Boss!
Aug 12, 2017 - 19:43
The show has been served several legal notices for the behaviour of its contestants. The Tamil Bigg Boss show has suddenly picked up buzz from the last two weeks.

isis-killer-beheading-video-story-top China cautions Trump over North Korea 'words and deeds'
Aug 12, 2017 - 19:40
Australia, a long-time United States ally, has stated that it will invoke a mutual defense if the USA is attacked by North Korea. Hours later, state media in North Korea reported that its leaders were seriously considering a plan to fire missiles at Guam.

isis-killer-beheading-video-story-top Council of the European Union expands sanctions against North Korea
Aug 12, 2017 - 19:36
China has called on South Korea and the U.S.to suspend large scale military exercises in return for the North halting its programs in order to facilitate talks.

isis-killer-beheading-video-story-top Freighter aground in river linking lakes Superior, Huron
Aug 12, 2017 - 19:33
The coast guard placed a protective boom around the ship as a precautionary measure, Lieutenant Junior Grade Sean Murphy said. Army Corps of Engineers surveyors will then look at the river bottom to make sure no debris is obstructing the channel.

isis-killer-beheading-video-story-top Scontro Kim-Trump, Pentagono: "Guerra sarebbe catastrofica"
Aug 12, 2017 - 19:09
GLI SCENARI - Se la Corea del Nord dovesse lancia un attacco di minaccia agli Stati Uniti , la Cina dovrebbe rimanere neutrale. Rischiano di perdere la pazienza anche i coreani del Sud , che sarebbero i primi a rischiare grosso.

Giroud wins thriller for Arsenal
Aug 12, 2017 - 19:03
When pressed if the forward could leave before the end of the transfer Wenger responded emphatically: "No". Cech initially tipped over Riyad Mahrez's shot but the latter turned provider from the resulting corner.

isis-killer-beheading-video-story-top Arsène Wenger praises match-winner Olivier Giroud for staying at Arsenal
Aug 12, 2017 - 18:56
A feast of goals opened the Premier League season when Arsenal twice came from behind to beat Leicester City 4-3. Wenger, who has plenty of attacking options in his squad, added: "It's a long time since we had so much quality".