North Korea Tensions Hit Global Stock Markets

US sent two bombers to Korea this week: official

Tensions between the United States and North Korea put investors in a selling mood again Thursday, dragging U.S. stocks lower for the third day in a row.

The Dow Jones Industrial Average fell 36.64 points, or 0.17 percent, to end at 22,048.7, the S&P 500 lost 0.9 point, or 0.04 percent, to 2,474.02 and the Nasdaq Composite dropped 18.13 points, or 0.28 percent, to 6,352.33.

The broad-based Stoxx Europe 600 stock index dropped 0.5 percent in early trading, with key indices, such as Britain's FTSE 100, Germany's DAX and France's CAC all down 0.5 percent or more.

Geopolitical concerns continued to weigh on Wall Street amid an ongoing escalation in tensions between the U.S. and North Korea.

In information released on Wednesday, US crude inventories fell for the sixth consecutive week according to the Energy Information Adminstration by 6.45 million barrels for the week ending August 4.

Overall, second-quarter results have been stronger than expected with analysts now expecting S&P 500 earnings to have expanded 11.8 percent, up from 8 percent at the start of July, Reuters reported.

Michael Kors climbed 21.5 percent after the luxury handbag and apparel designer and retailer's latest quarterly results beat analysts' forecasts as sales improved.

Asian stocks steadied and U.S. Treasury bond prices fell slightly on Thursday, as the risk aversion triggered by tensions between the United States and North Korea began to settle.

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Shortly after Trump made his remarks, North Korea said it was "carefully examining" the idea of a missile strike on Guam, a U.S. They are looking for confirmation that the Fed is sticking with plans to hike interest rates once more this year.

Still, even with the week's moves, US stocks remain near their all-time highs. Economists had expected another 0.1 percent uptick. It was last up 0.0 percent at 1.1329 per euro EURCHF= .

U.S. trading volume has been low with summer setting in and Congress expected to be in recess until September 5. The kiwi bounced from near one-month low of $0.7309 struck overnight as the Reserve Bank of New Zealand took a less dovish tone than some had feared. Netflix also fell, giving up $2.58, or 1.4 percent, to $175.78. Sony Corp. shares in Tokyo dropped 1.6 percent.

Benchmark U.S. 10-year notes US10YT=RR rose 9/32 in price to yield 2.2494 percent, from 2.282 percent late on Tuesday. Gold, highly rated government bonds and the Swiss franc were all in demand.

CURRENCIES: The dollar fell to 109.87 yen from 110.48 yen late Tuesday.

Japan's Nikkei rose 0.2 percent and Australian shares gained 0.1 percent.

In currency markets, the Canadian dollar was trading at an average price of 78.71 cents USA, down 0.20 of a U.S. cent.

Internet, computer hardware, retail, and financial stocks are also seeing considerable weakness, moving lower along with most of the other major sectors. Brent crude, used to price global oils, gained 56 cents to $52.70 in London. An ounce of gold is trading at USD1,289.10, up USD9.80 compared to the previous session's close of USD1,279.30.

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