TSX falls 0.94% as oil drops, geopolitical tensions rise

TSX falls 0.94% as oil drops, geopolitical tensions rise

TSX falls 0.94% as oil drops, geopolitical tensions rise

Shares of Snap were off about 15 percent premarket following the social media company's earnings that came below estimates and a slew of price target cuts.

The Dow Jones industrial average closed up 14 points, a gain of 0.07 percent, the Nasdaq composite rose almost 40 points or 0.64 percent and the S&P 500 gained 3 points or 0.13 percent.

The Dow fell more than 200 points, a almost 1% drop, and its biggest dip in three months.

The indicated US market moves reflect a selloff across global stock markets Friday. While, the pan-European Stoxx 600 was down by 0.8%.

USA stocks fell sharply on Thursday, with the Dow slipping more than 100 points, as lackluster results from retailers Macy's and Kohl's added to investor nervousness over escalating tensions between the United States and North Korea.

ASIA'S DAY: Earlier, Asia bore the brunt of the mounting geopolitical uncertainty, with South Korea's Kospi index closing down 1.7 percent at 2,319.71 and Hong Kong's Hang Seng ending 2 percent lower at 26,883.51.

Upton walk-off blast lifts Tigers over Twins
After Martinez walked to load the bases, McCann jumped on a first-pitch, off-speed offering and pounded it over the fence in left. But in the ninth inning, the end came quickly: Mikie Mahtook stroked a single into right field on Belisle's third pitch.

Overall, stocks have been on a tear this year, with the Dow, S&P and the Nasdaq composite all hitting record highs and surging more than 10 percent. The VIX Index - commonly called the fear gauge - jumped to close at its highest level since the USA election.

"There is a rhetorical war between the two nations, and traders (as are most human beings) are nervous", said Chris Weston, chief market strategist at IG, in a note to clients.

President Trump took aim at North Korea again on Thursday, saying that his earlier threat to unleash "fire and fury" may not have gone far enough.

"If the US and South Korea carry out strikes and try to overthrow the North Korean regime and change the political pattern of the Korean Peninsula, China will prevent them from doing so", the editorial's authors said. Major U.S. indices had posted record highs in recent weeks. Each fell at least 1.4%. Netflix was down 1.8 percent.

The Bureau of Labor Statistics will publish its July inflation report at 8:30 a.m. ET. Eastern Time, alongside core CPI. Unit labor costs increased 0.6% during the period, below the 1.3% jump forecast by economists.

Such an outcome would normally boost the USA dollar, Spivak said in a note.

Stocks slide on continued concern over tension between USA and North Korea
Regions Financial shed 23 cents, or 1.6 per cent, to $14.07. The dollar slipped to 109.04 yen from 109.26 late Thursday. The red-hot defense stock with bargain-bin options.

Sina's loss sent shares 5% below a 97.89 buy point in a flat base.

Losses in health care and consumer-focused companies pulled USA stocks broadly lower Tuesday, snapping a 10-day winning streak for the Dow Jones industrial average.

Downbeat corporate earnings weighed on major indexes on Thursday. Some say expectations for its server-chip business were just too high (http://www.marketwatch.com/story/nvidia-stock-could-pause-as-server-growth-slows-down-2017-08-10).

J.C. Penney Co.(JCP) is on tap to report quarterly earnings ahead of the market open.

"We've had an exceptional second-quarter earnings season which has given investors confidence", said Eric Wiegand, senior portfolio manager at U.S. Bank Private Client Reserve.

Macron Urges Int'l Community to Avoid Escalation of Tensions Around N Korea
Guam houses a number of United States military facilities, including the Andersen airbase and the Naval Base Guam in Apra Harbor. The president of the Republic assures France's allies and partners in the region of his solidarity during the current period.

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