Disney, North Korea Drive Dow Jones Industrial Average Lower

10 August, 2017, 00:41 | Author: Franklin Nunez
  • A man walks past an electronic board showing Japan's Nikkei average, the Dow Jones average and the stock averages of other countries' outside a brokerage in Tokyo Japan

The market was higher at lunchtime but veered lower in the afternoon Tuesday.

"The declines in U.S. markets started to gain traction in the afternoon session as nervousness set in after President Trump warned North Korea that they would face "fire and fury like the world has never seen", if they continued with their attempts to build a nuclear warhead, that is able to hit the western US".

In the United Kingdom, the stock of TV giant ITV was down 1.9 percent in early trading, and Sky shares were down 0.5 percent, while Germany's ProSiebenSat.1 fell 1.2 percent.

But even faced with the possibility of military action by Kim Jong-un's police state, Wall Street still suggests a buy-and-hold strategy.

Energy stocks also fell along with the price of crude oil.

The Standard & Poor's 500 index fell 6 points, or 0.2 percent, to 2,474.

Jaguars place left tackle Branden Albert on reserve/retired list
Albert, 32, has earned two trips to the Pro Bowl and remains one of the better pass-protecting left tackles in the NFL . On July 31 , Albert retired after participating in three training-camp practices, the Florida Times-Union reported .

The Nasdaq composite also slipped 0.21%.

The 10-day Dow winning streak that ended was the second double-digit string of up days this year - the first time that has happened since 1959. Sony Corp. shares in Tokyo dropped 1.6 percent.

Priceline sank 7.8 percent as it projected third-quarter earnings below Wall Street analyst expectations.

Gold was the big victor Wednesday as stocks pared back to moderate losses and Walt Disney (DIS) dragged on the Dow, while Netflix (NFLX) and Priceline Group (PCLN) hindered the Nasdaq and retailers took some brutal hits after reporting second-quarter results.

Pyongyang said it was examining plans for attacking Guam, a US territory in the Pacific that has a USA military base. The euro edged down to $1.1726 from $1.1751. The Nasdaq composite fell 45 points, or 0.7 percent, to 6,324.

The Canadian dollar cost 78.9 cents U.S. Brent crude, the global standard, lost 28 cents to $52.09 a barrel in London.

Teen left bleeding after vicious 'sea flea' attack
Experts have confirmed that yes, it could have been an onslaught of sea lice, but a full investigation is yet to be conducted. At first, Jarrod said hospital staff were at a loss with what had happened when they first arrived.

European shares were also lower following reports that a auto had rammed a group of soldiers in Paris, injuring six before speeding off in what officials identified as a suspected terrorist attack.

BONDS: Bond prices fell.

Results also drove some sharp moves lower.

Disney dropped 5.2 percent as it reported flat third-quarter revenues due in part to weakness in its cable subscription business.

Japan's Nikkei 225 was down 1.25% and South Korea's Kospi declined 0.68%. Hong Kong's Hang Seng added 0.6 percent.

Ohio State Fair ride accident caused by 'excessive corrosion': manufacturer
Authorities investigate the Fire Ball amusement ride after the ride malfunctioned injuring several people at the Ohio State Fair . One rider, an 18-year-old man, was flung more than 50 feet and died on impact, while seven others were taken to area hospitals.

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