United States stocks snap 3-day losing streak in roller coaster week

United States stocks snap 3-day losing streak in roller coaster week

United States stocks snap 3-day losing streak in roller coaster week

The decline followed overnight losses on Wall Street.

Bond prices, which move inversely to yields, closed higher.

The Standard & Poor's 500 index fell 35 points, or 1.4 percent, to 2,438, its biggest drop since mid-May.

Emerging market stocks lost 1.28 percent.

The yen on Friday added to a strong weekly rally against the dollar of close to 1.5 percent, hitting its highest versus the greenback in nearly four months, at 108.73 yen.

The modest rebound came at the end of a turbulent week on Wall Street as escalating tensions between the USA and North Korea rattled global markets.

His comments came in response to North Korea's threat to fire ballistic missiles toward the USA territory of Guam, which is home to US strategic bombers, a naval station and other strategic assets.

MOUSE HOUSE: Disney dropped 5.1 percent a day after the media giant reported a weak quarter and said it would pull its movies from Netflix and start two of its own video streaming services. The stock lost 78 cents to $3.93.

The Korean won also continued to fall, down 0.45 percent to 1,147.2.

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

The pan-European STOXX 600 was down 0.7% at closing, France's CAC 40 fell 1.4% after a auto hit a group of soldiers in Paris in what is thought to have been a deliberate act, and a fall in bond yields saw Germany's DAX down 1.1%. Rival TripAdvisor also slumped after its latest quarterly report showed that online and transaction revenue growth fell sharply. MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS closed 1.47 percent lower.

Fossil tumbled 25.1% after the watch maker said sales continued to weaken, falling short of analysts' estimates. The company booked a hefty charge and said its CFO is leaving the company. Walt Disney stock paced the 14 losers, dropping 3.9%, while McDonald's finished flat.

MARKETS OVERSEAS: In Europe, Germany's DAX was down 1.1 percent, while France's CAC 40 fell 1.4 percent. Apple was down 2.3 percent, weighing most on the index. Hong Kong's Hang Seng dipped 1.1 percent to 27,444.00.

A small rise in a measure of US consumer prices pointed to benign inflation that could make the Federal Reserve cautious about raising interest rates again this year, which would be favorable to equity investors. The yield on the 10-year Treasury note slipped to 2.22 percent from 2.25 percent late Wednesday.

METALS: Gold, a traditional safe haven play, was moving higher.

Inflation has risen 1.7 percent over the past 12 months, suggesting that inflation pressures remain well under control. Silver also rose, gaining 47 cents, or 2.8 percent, to $16.86 an ounce.

September-dated crude futures settled up 0.8%, or 39 cents, at $49.56 per barrel.

USA crude rose 0.41 percent to $48.79 per barrel and Brent was last at $52.01, up 0.21 percent.

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