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Disney Stock Exacts Steeper Toll Than North Korea On Dow
10 August 2017, 12:38 | Lionel James
Safe-Haven Assets Gain On Escalating US-North Korea Geopolitical Turmoil
Wall Street stocks fell early Wednesday amid anxiety over a US-North Korea war of words as Disney shares tumbled on disappointing results.
Bund yields fell 4 basis points to 0.43 percent, its lowest since June 30.
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.
The Dow Jones was down 0.3% in opening trade, declining to 22,016.8 and the wider S&P 500 index dropped 0.48% to 2,463.18.
President Donald Trump said on Twitter that the United States' nuclear arsenal was now "more powerful than ever before" in a fresh warning to North Korea over its missile tests.
The Dow Jones industrial average appeared to be on track for an 10th straight gain - one short of the all-time record - until Trump, speaking from his Bedminster, NJ, golf resort, promised to bring "fire and fury like the world has never seen" on North Korea if the country continues to threaten the US.
WALL STREET: Losses in health care and consumer-focused companies pulled USA stocks lower, snapping a 10-day winning streak for the Dow Jones industrial average.
Punjab CM greets people on Raksha Bandhan The Governor prayed for the well-being of the people of the state. On this day, people share their Raki Image on their social media. She also added that the meaning of Rakhi is now changing.
Mounting tensions lifted USA defense stocks. Both were coming off record highs.
The Nasdaq Composite was down 16.88 points, or 0.26 percent, at 6,353.58.
Nevertheless, traditional safe havens jumped, with the benchmark 10-year USA note yield hitting its lowest level since June 28 and gold futures surging more than 1 percent.
FED WATCH: As well as monitoring the geopolitical backdrop, investors are looking ahead to an appearance Thursday by Bill Dudley, president of the U.S. Federal Reserve Bank of NY, for signs of the Fed's outlook on the economy.
ANALYST'S TAKE: The U.S.jobs figure "was through the roof" and the NFIB survey "painted a much better picture for the U.S. economy than most believed", said Stephen Innes of OANDA in a report.
CURRENCY: The dollar declined to 109.79 yen from Tuesday's 110.34 yen. The euro slid to $1.1760 from $1.1793.
ENERGY: Benchmark U.S. crude added 28 cents to $49.45 per barrel in electronic trading on the New York Mercantile Exchange.
The S&P/TSX Composite Index settled into the red 1.62 points to close Tuesday at 15,256.35. It declined 23 cents on Tuesday to $52.14.
Get Up to $200 Off the Google Pixel and Pixel XL
They are also nearly sure to come with at least 4GB RAM, at least 32GB internal storage and the latest Android O operating system. GSM Arena posted some live photos earlier today showing what may be the flagship device, sent to them by an anonymous "tipster".
United bid €40m for Sergi Roberto
The 25-year-old's future at the Camp Nou is thought to be unclear after Ernesto Valverde's arrival in the managerial hotseat. The player being fought over is Sergi Roberto .