Tech Companies Lead Broad Slide in US Stocks

Tech Companies Lead Broad Slide in US Stocks

He said that North Korea "can be very very nervous" if it acts on either the United States or its allies, and warned that "things will happen to them like they never thought possible". Australia bucked the trend with a 0.4% gain.

The franc wasn't the only beneficiary to the risk-off sentiment sweeping markets. The stock fell $2.04 to $20.99.

Safe-haven demand rose after North Korea said it was "carefully examining" a plan to strike Guam, where a US military base is located, shrugging off President Donald Trump's earlier warning that further threats to the United States will be met with "fire and fury".

The MSCI Asia Pacific Index has rallied 19 per cent so far this year, last week posting its highest close since 2007 amid strong earnings from some of the region's key companies and optimism USA interest rate increases will remain gradual.

Technology stocks, the biggest gainers this year, led Thursday's market slide.

Politics lifted U.S. defense stocks.

But while investors appeared to favor safe-haven assets, some bargain seekers helped Wall Street's three major indexes pare losses.

The tech-heavy Nasdaq composite bore the brunt of the sell-off, losing 135.46 points, or 2.1 percent, to 6,216.87.

2016 confirmed as hottest year on record globally
Trump's advisers have plans to hold a public debate with researchers about global warming and climate change . The average of carbon dioxide concentration, for example, is of 402.9 parts per million for the year.

The three major US indices have sold off this week amid investors' jitters after Trump said on Tuesday that threats from Pyongyang would be "met with fire and fury like the world has never seen".

The CBOE Volatility Index, the most widely followed barometer of expected near-term stock market volatility, ended at a session low of 11.11 after rising as high as 12.63.

Oil prices edged higher after a report showed US refineries processed record amounts of crude in the latest week, eating into inventories, although a surprise jump in gasoline stockpiles limited gains.

Spot gold added 1.2 percent to $1,275.60 an ounce.

Bond prices rose. The yield on the 10-year Treasury note slipped to 2.20 percent from 2.25 percent late Wednesday. Japan's Nikkei 225 Index edged down by 0.1 percent, while Hong Kong's Hang Seng Index tumbled by 1.1 percent. Macy's was down 8.9 percent after the company said its sales continued to decline in the second quarter. Lockheed Martin, Raytheon, General Dynamics and Northrop Grumman and the Dow Jones U.S. defense index was up 1.48 percent after hitting a record high. The euro fell to $1.1749 from $1.1752.

A spike missile is fired in this file photo provided by South Korea's Marine Corps Command.

Meanwhile, gold stocks bucked the downtrend, driving the NYSE Arca Gold Bugs Index up by 1.3 percent.

The dollar was flat at 110.08 yen on Thursday, up from Wednesday's low of 109.56 yen, which was the dollar's lowest level since June 15.

Related Articles

  • Kenya: Opposition demand access to the election commision servers

    Kenya: Opposition demand access to the election commision servers

    The electoral commission said this was "illegal and premature", and said basic mathematical errors had been made. The electoral commission admitted that hackers had tried to access its database, but said they did not succeed.
    Woman Survives 7-Story Plunge From Parking Garage In BMW

    Woman Survives 7-Story Plunge From Parking Garage In BMW

    Last month, the garage was cited by officials for having unsafe barrier cable systems , according to ABC7. His SUV was caught by barrier wires, leaving the auto hanging off the side of the garage.
    Crystal Palace sign Timothy Fosu-Mensah on loan from Manchester United

    Crystal Palace sign Timothy Fosu-Mensah on loan from Manchester United

    Fosu-Mensah is too good for reserve football, but would not get enough appearances as Antonio Valencia's understudy this season. Crystal Palace completed the signing of Man United youngster Timothy Fosu-Mensah on a season-long loan on Thursday afternoon.
  • The Munsters reboot in the works

    The Munsters reboot in the works

    NBC brought in a reboot of the popular " Heroes " series with " Heroes Reborn ", but it tanked after one badly-rated season. NBC made an attempt at reviving The Munsters as an hour-long comedy called Mockingbird Lane in 2012.
    British Police Raid Hotel in Greater Manchester's Salford

    British Police Raid Hotel in Greater Manchester's Salford

    Reports say a number of eyewitnesses heard loud screams in the area before police and rescue services arrived at the scene. Greater Manchester Police said the toddler was involved in a collision with a Toyota Rav4 at around 9pm.
    Ezekiel Elliott Suspended Six Games By NFL

    Ezekiel Elliott Suspended Six Games By NFL

    Should the Cowboys have to go without Elliott to start the season, here's who a look at will be called upon to pick up the slack. Elliot will apparently serve a suspension for a domestic violence dispute that arose and still needs legal clarification.
  • Day care van driver arrested for leaving child in vehicle  for hours

    Day care van driver arrested for leaving child in vehicle for hours

    Thornton wouldn't answer questions about the driver or procedures in place at the day care regarding the transport of children. She then walked into the day care and into her classroom until she left for the day at about 6 p.m.
    Never say never: Overwatch is getting deathmatch modes

    Never say never: Overwatch is getting deathmatch modes

    Now available in the PTR, players can face-off in either 20-player free-for-all matches, or in 6v6 team deathmatch modes . If you don't quite make it but you're in the top four, you'll still receive one win credit against your loot box tally.
    Sammy Watkins, Buffalo Bills wide receiver, traded to Los Angeles Rams

    Sammy Watkins, Buffalo Bills wide receiver, traded to Los Angeles Rams

    The trade comes just minutes after the Bills traded wide receiver Sammy Watkins to the Rams for former Missouri defense back E.J. Meanwhile, Matthews played 93 percent of his snaps out of the slot in 2014-2015, and then 67 percent in 2016.
  • BC retains counsel to fight Trans Mountain pipeline project

    BC retains counsel to fight Trans Mountain pipeline project

    In addition, the Squamish First Nation has gone to court to challenge the adequacy of the consultation process by the province. The first is a judicial review of the National Energy Board's recommendation to go ahead with the project.
    Spain sees record number of migrant arrivals in 2017

    Spain sees record number of migrant arrivals in 2017

    Both the cities have the EU's only land borders with Africa and so are easy entry points for migrants wanting to get to Europe. More than 8,000 migrants have arrived by sea in Spain, nearly as many as the 11,713 who have landed in Greece .
    2Nd man arrested in Clinton police officer's death, faces tamper

    2Nd man arrested in Clinton police officer's death, faces tamper

    An officer walked to the edge of the water near NW 300th Road and NW 131st Road and spotted the stock of a weapon under water. Thirty-nine-year-old Ian McCarthy is charged with first-degree murder in the death of Clinton police Officer Gary Michael .