How major U.S. stock market indexes fared Wednesday

Paterniano Del Favero
Agosto 11, 2017

Most of the reaction is to President Trump's warning on late Wednesday and North Korea's comment about exploring the idea of hitting USA territory Guam with a missile strike. "North Korea responding with a threat to US territory after Trump warned them not to threaten the USA was never going to go down well", Lawler said.

The stock market overall took a hit, as the Down Jones Industrial Average dropped 60 points before ending the day down 32.75 points.

Economic data showed USA worker productivity rose more than expected in the second quarter but the trend remained weak. The Russell 2000 index of smaller-company stocks gave up 4.02 points, or 0.3 percent, to 1,410.15.

While gold XAU= , a safe-haven favorite, pared some gains, it was last up 1.2 percent, at around its highest since mid-June.

Amid broad based weakness on Wall Street, biotechnology stocks turned in some of the market's worst performances on the day.

Investors had rushed to safe-haven assets after strongly worded exchanges between Washington and nuclear-armed North Korea late on Tuesday.

Crude oil was 0.5 percent higher with prices at $49 per barrel.

The Nasdaq composite also slipped 0.21%.

In Asia, markets appeared to stabilise on Thursday in morning session, although geopolitical tensions involving North Korea continued to weigh on equities.

Within the internet sector, Synacor (SYNC) fell sharply after the internet content provider reported better than expected second quarter results but provided disappointing guidance.

The media giant also announced plans to end its distribution deal with Netflix and launch its own ESPN and Disney streaming services.

Earnings, likewise, are expected before the bell from retailer Office Depot (NASDAQ:ODP), drug maker Mylan (NASDAQ:MYL) and fast-food chain Wendy's (NASDAQ:WEN). Travel-review website operator TripAdvisor was down 2.7 per cent.

The Dow is down 44.11 points, or 0.2 percent. The Shanghai Composite added 0.08% and the Shenzhen Composite inched higher by 0.07%. While the French CAC 40 Index fell by 0.6%, the German DAX Index slumped by 1.1% and the UK's FTSE 100 Index plunged by 1.4%.

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