“It’s fantastic when you consider the headlines just how calm the equity markets are, how they’ve taken things in their stride”, said Ryan Detrick, senior market strategist at LPL Financial in Charlotte, North Carolina.
Stocks are ending broadly lower on Wall Street, led by declines in technology companies and banks, two of the highest-performing sectors over the a year ago.
The strength on Wall Street was partly due to bargain hunting, with traders picking up stocks at reduced levels following the pullback seen over the past few sessions. Dow Jones Industrial index briefly fell more than 60 points before closing 33.08 points lower at 22,085.34.
“While not necessary unexpected – as the United States had to respond to threats made by North Korea that they will fire rockets due to land just off the coast of Guam soon – new comments by Trump propelled stocks lower”.
Shares of Apple, Amazon and Facebook fell more than 2% Thursday.
The Nasdaq Composite, meanwhile, was facing its worst week since the one ended December 2, which logged a loss of just over 2%. Australia was off 1.2 percent.
US crude oil +0.4% at $49.76/bbl.
Damage for the week: The days of verbal sparring between Washington and Pyongyang looks set to bruise weekly performances for the major US indexes. That is significant because yields fall when bond prices rise.
In overseas trading, stock markets across the Asia-Pacific region saw continued weakness during trading on Friday.
Nordstrom Inc.(JWN) shares rose 1.6% after the retailer late Thursday posted earnings that beat expectations (http://www.marketwatch.com/story/nordstrom-shares-rise-after-retailer-tops-views-sales-rise-2017-08-10), along with a sales rise. Sony Corp. shares in Tokyo dropped 1.6 percent. Discovery Communications fell 70 cents, or 2.9 percent, to $23.60. The stock lost $2.80 to $9.04.
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. Silver gained 47 cents, or 2.9 percent, to $16.86 an ounce. Wholesale gasoline dropped 2 cents to $1.60 a gallon, while heating oil shed 2 cents to $1.63 a gallon.
OIL: Benchmark U.S. crude lost 36 cents to $48.23 per barrel on the on the New York Mercantile Exchange.
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 dollar fell to 109.85 yen from 110.48 yen late Tuesday.
Across Europe, the Cac 40 in France slid 1.1% while Germany’s Dax was flat.