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United States stocks fall on North Korea worries
10 August 2017, 05:53 | Cameron Gross
US: Dow streak of records ends amid US-North Korea tensions
USA stocks felt significant early drag, with the S&P 500 down 0.5% at the open.
The Dow finally ended 0.2 percent lower at 22,085.34 points.
Overall, second-quarter results have been stronger than expected with analysts now expecting S&P 500 earnings to have expanded 11.8%, up from 8% at the start of July, Reuters reported. Trump's comments came after a WashingtonPost report (https://www.washingtonpost.com/world/national-security/north-korea-now-making-missile-ready-nuclear-weapons-us-analysts-say/2017/08/08/e14b882a-7b6b-11e7-9d08-b79f191668ed_story.html?utm_term=.0938becb046e) that North Korea has built a miniaturized nuclear warhead. The slide deepened after Trump's remarks on North Korea aired.
Netflix also fell, giving up $3.37, or 1.9 percent, to $174.99.
U.S. dairy group Dean Foods dropped nearly 21 percent as its quarterly earnings fell, and the stock received a downgrade from JPMorgan.
The dollar index, which measures the U.S. currency against a basket of major peers, slipped 0.1 percent as U.S. Treasury yields fell.
Brokerage stocks are among the few groups seeing notable weakness, with the NYSE Arca Broker/Dealer Index down by 1%.
G4S (LON:GFS) shares dropped 4.8% despite the security services provider reporting a rise in profits for the firs half but made a decision to keep its interim dividend flat.
Upmarket clothing brands Ralph Lauren and Michael Kors were early winners on the U.S. stock market on Tuesday, surprising investors with their quarterly performance despite a tough climate for retailers.
In the Dow, declines in shares of Merck and DuPont, down 0.9% and 0.8% respectively, outweighed gains in shares of Apple and Microsoft, up 1.3% and 0.7% respectively. The Nasdaq composite gave up 13 points, or 0.2 percent, to 6,369.
SeaWorld Entertainment shares lost more than 6 percent. September-dated crude futures settled up 0.8%, or 39 cents, at $49.56 per barrel. Brent crude, used to price global oils, gained 10 cents to $52.24 in London. Platinum gained 0.7 per cent to $973.40 per ounce after hitting its highest since April 21 in the previous session. Copper rose 4 cents to $2.94 a pound.
Utilities closed up 0.3 percent while the materials sector .SPLRCM was the S&P's biggest loser with a 0.9-percent drop.
MARKETS OVERSEAS: In Europe, Germany's DAX was down 1.1 percent, while France's CAC 40 fell 1.4 percent.
Athletes affected by stomach virus at official hotel
Makwala, among the favourites for the 400m, would normally be scratched from the final after pulling out of another event. He'll have to keep something in reserve, however, because he's also running in the men's 200m final on Thursday.
13 killed in China's 7-magnitude quake
The disaster evoked memories of an 8.0-magnitude quake that devastated the region in 2008, leaving 87,000 people dead or missing. Four people were injured and one person was rescued from the village situated in Qiaowo township, Puge county, Xinhua reported.
Report Reveals Alias Email Account Lynch Used as AG
Lynch tried to shape the way he talked about the Clinton email investigation, suggesting it made him anxious about Ms. Clinton boarded her plane uninvited, reportedly, and Lynch says she regrets having allowed the meeting.
Isco stars as Real beat Man Utd to win Super Cup
Following the award ceremony, Mourinho handed his medal to a young fan and later joked that he saw no point in holding onto it. However, the report states Mourinho does not believe he is worth the €100million (£90.4m) Madrid value him at.