S&P closes barely lower despite N. Korea tensions

S&P closes barely lower despite N. Korea tensions

S&P closes barely lower despite N. Korea tensions

"A global stock market fund will have its fair share of value and growth companies, unlike -say- the FTSE 100 index which is predominately value-orientated with its bias towards energy, mining and financial, or the Japanese TOPIX which is growth-orientated with a predominance of consumer goods companies".

Stocks saw some strength during trading on Friday, regaining ground following the sell-off seen in the previous session.

The Wells Fargo Investment Institute describes the market response, so far, as "tepid".

The Dow edged down 33.08 points or 0.2 percent to 22,085.34, the Nasdaq dipped 13.31 points or 0.2 percent to 6,370.46 and the S&P 500 slipped 5.99 points or 0.2 percent to 2,474.92. Before its slide, the Dow industrials climbed to nine consecutive records through Monday and topped 22000 for the first time August 2.

"The prospect of war still remains remote in our view, but at what point do both sides heat up the rhetoric so much that they can't turn back?"

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To that end, gold prices shot up to near $1,300 an ounce - their highest level in several months. The dollar index fell to a session low of 93.35 from 93.56 before it climbed to 93.40.

'What has changed this time is that the scary threats and war of words between the USA and North Korea have intensified to the point that markets can't ignore it, ' said Shane Oliver, head of investment strategy at AMP Capital in Sydney.

The Swiss franc and the yen had notched up impressive gains against the dollar on Wednesday after US President Donald Trump warned North Korea that it would face "fire and fury" if it threatened the United States. But the moves were modest.

Materials, home to gold producers and other resource-based companies, was the only gainer among the index's 10 main sectors and was up 0.6 percent.

Gold prices have been volatile in the past few weeks.

. Most Americans are hoping the tough talk from President Trump and North Korean leader Kim Jong Un is just that.

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Japan said on Tuesday it was possible that North Korea had already developed nuclear warheads and warned of an acute threat posed by its weapons programmes as Pyongyang's continues missile and nuclear tests in defiance of United Nations sanctions.Crude oil prices extended their slide from Tuesday as exports from key OPEC producers rose and despite news of lower crude shipments from Saudi Arabia.U.S. crude shed 12 cents to $49.05 a barrel, while Brent crude fell 18 cents a barrel at $51.96 a barrel.

European shares fell, following falls in Asia and on Wall Street.

Travel website operator Priceline Group Inc fell 6.9 percent after a disappointing financial forecast.

Materials stocks were down 1.2%.

Disney shares closed down 3.9% as investors were skeptical of its plan to launch streaming services rather than rely on Netflix, which fell 1.4%. The stock lost $4.15 to $102.83. Rival Advanced Micro Devices was also down 2.6 percent. The company also said sales at its established stores declined for the fourth straight quarter.

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Significant strength was also visible among software stocks, as reflected by the 1.2% gain posted by the Dow Jones Software Index.

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