Wall St falls on ramp-up of U.S. tension with N. Korea

Wall St falls on ramp-up of U.S. tension with N. Korea

Trump yesterday promised "fire and fury like the world has never seen" should North Korea continue to threaten the USA, words that brought a warning from Kim Jong-un about preemptive military strikes against Pacific targets, including Guam.

In 3.28pm trading in NY, the Dow Jones Industrial Average fell 0.15 percent, while the Nasdaq Composite Index declined 0.18 percent.

The Dow finally ended 0.2 percent lower at 22,085.34 points.

The tech-laden Nasdaq Composite Index lost 101 points, or 1.7%, to 6,242.

KOREA JITTERS: With President Donald Trump warning North Korea of "fire and fury", investors have become concerned that the war of words between Washington and Pyongyang could escalate.

Powerball jackpot continues to rise
The odds of matching all five numbers and the Powerball number is 1 in about 293 million, according to the Powerball website. An unclaimed Mega Millions ticket worth $1,000 sold in Kansas for the drawing on Tuesday, lottery officials said.

In information released on Wednesday, US crude inventories fell for the sixth consecutive week according to the Energy Information Adminstration by 6.45 million barrels for the week ending August 4.

LACKLUSTER QUARTER: Office Depot sank 24.5 percent after the office supply company's second-quarter results fell short of Wall Street's projections.

A meeting of South Korea's National Security Council was set to be held later Thursday, the presidential office Cheong Wa Dae said, apparently to discuss North Korea's fresh threat to stage a missile provocation against the United States. Investors will study the numbers to get a feel for the US inflation trend and any impact they data could have on the Federal Reserve's monetary policy.The New Zealand dollar was 0.2 percent higher at $0.7354. Economists had expected another 0.1 percent uptick.

Canadian Tire Corp Ltd rose 3.4 percent to C$146.65.

In overseas trading, stock markets across the Asia-Pacific region saw further downside during trading on Thursday. The index has fallen to its lowest intraday level in well over a month.

Hiroshima Marks 72nd Anniversary of World War II Atomic Bombings
At the outbreak of the four-hour uranium bomb thrown by the US B-29 bomber, between 70 and 100,000 people died instantly.

Spot gold rose 0.3 per cent to $1,264.50 per ounce at 0324 GMT, while USA gold futures for December delivery rose 0.6 per cent to $1,270.40 per ounce.

Barrick Gold Corp rose 2.1 percent to C$21.7, while Goldcorp Inc rose 0.9 percent to C$16.29. SPDR Gold Shares GLD, the iShares Gold Trust ETF IAU, and the VanEck Vectors Gold Miners ETF GDX all rose over 1%.

The U.S. Treasury market rallied, with the benchmark 10-year yield shedding 3 bps to 2.21%. Brent crude, the global standard, lost 23 cents to 52.14 dollars a barrel in London.

Meanwhile, U.S. wholesale prices (http://www.marketwatch.com/story/us-wholesale-inflation-fall-01-in-july-first-decline-in-almost-a-year-2017-08-10) declined in July for the first time in nearly a year, providing additional evidence of tepid inflation that is bedeviling the Federal Reserve.

The Japanese yen strengthened 0.35 per cent versus the greenback at 109.94 per dollar. Gold hit a two-month high of $1,278 an ounce amid the nervousness.

Voting for Vice-Presidential election begins in Parliament
Venkaiah Naidu , with 516 votes, had polled the highest number of votes for a vice-presidential candidate in 33 years. In the previous NDA government led by party patriarch Atal Bihari Vajpayee , he served as rural development minister.

Against the Swiss franc EURCHF=EBS, it fared slightly better and was broadly flat on the day at 1.1319 francs per euro.

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