Tech companies lead broad slide in USA stocks; oil rises

Tech companies lead broad slide in USA stocks; oil rises

Tech companies lead broad slide in USA stocks; oil rises

The verbal escalation has been further fuelled on Friday by president Donald Trump, who has warned that if the north Korean leader attacked Guam, Pacific island and american territory, he " would regret ".

US stocks rose on Friday as Wall Street clawed back from a sharp decline in the previous session, though geopolitical uncertainty continued to be the focus for investors, contributing to weekly declines. The Dow slumped 204.69 points or 0.9 percent to 21,844.01, the Nasdaq plummeted 135.46 points or 2.1 percent to 6,216.87 and the S&P 500 tumbled 35.81 points or 1.5 percent to 2,438.21.

U.S. stocks also fell, lingering in negative territory the entire session, but notching smaller declines than in overseas markets.

Unease over the situation pushed the VIX, a measure of how much volatility investors expect in stocks, up 44.4 percent.

Voting open for Iowa license plate redesign
Offenders housed at the Anamosa State Penitentiary make Iowa license plates, producing more than 10,000 pairs a day. The Iowa State Fair gets underway in Des Moines today and runs through August 20.

An Associated Press report that the USA and North Korea have been engaged in back channel talks (https://apnews.com/686ac7c761694b28b67793a1d8297145?link=mktw) for several months even as they exchange incendiary threats may also help to soothe jitters.

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.

The financial sector index gave back gains after news California insurance regulator will probe whether Wells Fargo & Co and an insurance company harmed residents by selling insurance they did not need.

Disappointing quarterly results from big department store chains also weighed down the market. Macy's was down 4.4 percent after the company said its sales continued to decline in the second quarter. Macy's sank 10.3 percent and Kohl's lost 5.8 percent.

Redknapp: Give Man United the title now if they sign Bale
If you think about Antonio Conte , Pep Guardiola , Jurgen Klopp and Mourinho - it is a very good championship now. Manchester City boss Pep Guardiola outlines his long-term vision for the club as he enters his second season.

Blue Apron Holdings fell 18% after saying it lost more money than analysts had expected in its first quarterly earnings report since going public in June.

On the currency front, the US dollar is trading at 108.82 yen compared to the 109.20 yen it fetched at the close of NY trading on Thursday. The stock fell $1.07 to $5.17. The u.s. central bank, one of whose tasks is to contain the price rise, does not therefore appear to be obliged to accelerate the pace of the slow tightening of monetary that it has committed. While the German DAX Index has edged down by 0.1 percent, the French CAC 40 Index and the U.K.'s FTSE 100 Index are both down by 1 percent. It added 39 cents to $49.56 a barrel on Wednesday. Oil prices were headed higher. South Korea's Kospi fell 0.5 percent. Silver gained 20 cents, or 1.2 percent, to $17.07 an ounce. The September copper contract was down two cents to US$2.91 a pound.

MARKETS OVERSEAS: Major indexes in Europe slumped.

Excluding food and energy prices, core consumer prices still crept up by 0.1 percent in July, matching the increases seen in the three previous months. Against the euro, the dollar is valued at $1.826 compared to yesterday's $1.1772.

Pampling rushes tee shot 'for the boys'
But the rule with this type of suspension of play is a group can finish out the hole it's playing on once the horn blows. The Australian raced to the tee and took a wild swipe at the ball, slashing it left into trees in order to beat the horn.

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