14 August, 2017
Stocks in Taiwan, Singapore and other Southeast Asian countries were also lower.
Consumer-focused stocks, media companies and banks accounted for much of the market decline. The stock has more than doubled over the past 12 months, gaining more than 160%.
The comments came just hours after U.S. President Donald Trump told North Korea that any threat to the United States would be met with "fire and fury", rattling markets globally. But by the end of the day, traders appeared to take the geopolitical drama in stride.
The Wells Fargo Investment Institute describes the market response, so far, as "tepid".
The Nasdaq Composite was up 19.35 points, or 0.31 percent, at 6,236.22.
Dow e-minis were down 56 points, or 0.25 percent, with 29,071 contracts changing hands at 8:36 a.m. ET (1236 GMT).
North Korea on Thursday morning local time said "sound dialogue is not possible" with President.
The remarks followed a new report that U.S. intelligence has assessed that Pyongyang has successfully produced a nuclear warhead that can fit inside its missiles.
METALS: Gold added $10.80, or 0.8 percent, to settle at $1,290.10 an ounce.
While the tough talk about the potential for war is scary, investors have heard it many times before.
The Swiss Franc is now lower against the US Dollar but managed to hold onto the majority of gains made yesterday in the aftermath of elevated political tension between North Korea and the United States.
"We're not very oversold yet so the market still has more downside left to it". Gold miners bucked the 1.3 per cent fall for Australia's benchmark index.
The rhetoric, which began late Tuesday and continued into Friday, interrupted stocks' march higher and cracked the calm that has enveloped the market for months.
In commodities, US. crude fell 0.67 per cent to $49.23 per barrel and Brent was last at $52.58, down 0.23 per cent on the day. Viacom slid 60 cents, or 1.9 percent, to $30.17. The company booked a hefty charge and said its CFO is leaving the company.
Substantial weakness was also visible among internet stocks, as reflected by the 2.8% slump by the Dow Jones Internet Index. The euro slid to $1.1732 from $1.1752. In Asia, several indexes closed lower overnight. Tokyo's Nikkei 225 tumbled 1.3 percent, while Seoul's Kospi fell 1.1 percent. Chinese blue chips closed flat but Hong Kong's Hang Seng Index fell 0.4%.
Gold for December delivery GCZ7, +0.93% rose $11.60, or 0.9%, to $1,290.90 an ounce. Brent crude, used to price worldwide oils, declined 40 cents to $51.50 per barrel in London. MCX Gold was trading 0.25 per cent up at Rs 28,915 per 10 gram around 10.45 am (IST). It had gained about 3% for the week so far. Copper fell 2 cents to $2.93 a pound.
The dollar slipped to 109.04 yen from 109.26 late Thursday.
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