Published: Вс, Августа 13, 2017
Business | By Max Garcia

United States stocks end lower after comments from Trump

United States stocks end lower after comments from Trump

US stock indexes were set to open little changed on Friday, with the S&P 500 on track to post its biggest weekly loss in nine months, as investors remained cautious on heightened tensions between the United States and North Korea. Nasdaq-100 futures slid 23 points, or 0.4%, to 5,895.

The decline followed overnight losses on Wall Street.

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.

Simmering tensions with North Korea were also weighing on the market in early trading Thursday. A spokesman for the Strategic Force of the Korean People's Army said early Wednesday that a plan to strike a USA military base in Guam was being considered.

U.S. President Donald Trump, in his latest warning to North Korea, said military solutions were "fully in place" and referred to American weapons as being "locked and loaded" should the nuclear-armed nation act "unwisely".

"Since these are the stocks that have been in the spotlight the most, they tend to have the most volatility upwards and downwards", said Chris Bertelsen, chief investment officer of Aviance Capital Management in Sarasota, Florida.

South Korea's benchmark Kospi index lost 1.1 per cent.

Meanwhile, market bellwether Samsung Electronics Co. backtracked 0.65 percent, and top automaker Hyundai Motor was down 0.34 percent.

About 6.48 billion shares changed hands on US exchanges on Wednesday compared with the 6.16 billion average for the last 20 sessions.

Safe-haven assets such as gold and the Swiss franc were again in favor. But the market quickly bounced back, led by numerous tech stocks that were sinking on Thursday. Netflix was down 1.8 per cent.

Eight of the 11 major S&P sectors were lower, with the consumer discretionary index's 0.59 per cent fall leading the decliners. Or are people using these geopolitical concerns as an excuse to take money out of the market -- tech stocks in particular?

The dollar-denominated RTS index was down 1.5 percent at 1,013 points as of 0834 GMT, taking its year-to-date loss to 12 percent.

Barrick Gold Corp rose 2.3 per cent to C$21.74 as the price of gold, a safe-haven asset, reached its highest levels in two months.

The Nasdaq Composite, meanwhile, was facing its worst week since the one ended December 2, which logged a loss of just over 2%. Silver also rose, gaining 43 cents, or 2.6 percent, to $16.82 an ounce. Wholesale gasoline dropped 2 cents to $1.60 a gallon, while heating oil shed 2 cents to $1.63 a gallon.

USA crude oil +0.4% at $49.76/bbl. The euro slid to $1.1732 from $1.1752.

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