Dow loses more than 100 points amid North Korea tensions

Dow loses more than 100 points amid North Korea tensions

Dow loses more than 100 points amid North Korea tensions

The Nasdaq Composite .IXIC was up 34.61 points, or 0.56 percent, at 6,251.48.

Stocks were coming off their worst session since May as tensions between the USA and North Korea linger. "This provides an excuse key in hand for investors to cash in profits, or at least to contain for the moment their fever buying in a market where many think it was ripe for a downturn", said Patrick O'hare of Briefing.

Trump, whose threat this week to bring "fire and fury" was dismissed by North Korea, said Thursday that statement might not have been "tough enough".

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USA equities edged higher on Friday as investors weighed tensions between the US and North Korea heading into the weekend.

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For the week, the Dow is on track to fall 0.9%, its biggest one-week drop since April.

Significant strength is also visible among computer hardware stocks, as reflected by the 1.1% advance by the NYSE Arca Computer Hardware Index. The Nasdaq and the S&P 500 are rebounding after ending Thursday's trading at their lowest closing levels in a month.

Meanwhile, the Russell 2000 index of small-cap stocks looked poised for a weekly drop of almost 3%, its biggest one-week decline since February 2016.

Apart from geopolitical worries, some technical analysts like Tom McClellan, editor of the McClellan Market Report, blamed seasonality for this week's sharp retreat given August's record as a weak month for stocks.

Investors said the week's swings were as much a result of earnings as geopolitics.

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The Chicago Board Options Exchange's Volatility Index, considered one of the best gauges of fear in the market, hit its highest level since May on Thursday.

Large retailers Macy's and Kohl's tumbled on Thursday after they reported another quarter of shrinking sales. On the Nasdaq, 1,378 issues rose and 892 fell. The stock has more than doubled over the past 12 months, gaining more than 160%.

Before this week, US stocks have been hitting record highs, boosted by mostly stronger-than-expected earnings. The Stoxx Europe 600 benchmark was down 1% (http://www.marketwatch.com/story/european-stocks-face-worst-week-in-9-months-on-us-north-korea-tensions-2017-08-11), while Hong Kong's Hang Seng led the Asian losses with a drop of 2%. To Reuters citing Peter Kenny, in charge of the market strategy in Global Markets Advisory Group, " market participants are looking for any reason for a reset of course. Titled "Reckless game over the Korean Peninsula runs risk of real war", the editorial suggested China will stay neutral if North Korea strikes first, but will intervene if the U.S.is the first mover.

Following the sell-off seen in the previous session, stocks are regaining some ground during trading on Friday.

Tensions between Washington and Pyongyang added to pressure from lower oil prices.

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