Korean shares end lower on foreign selling amid tensions over N. Korea

Paterniano Del Favero
Agosto 13, 2017

Stocks are opening slightly lower on Wall Street after several companies reported disappointing results.

Consumer-focused stocks, media companies, and banks accounted for much of the market decline.

BAD TRIPS: Priceline Group slid 8.2 percent after the online travel booking service issued a profit forecast that was weaker than analysts were expecting.

Disney dropped 4.5% after reporting a weak quarter and saying it would pull its movies from Netflix and start two of its own video streaming services.

At 9:38 a.m. ET (1338 GMT) the Dow Jones Industrial Average was down 85.43 points, or 0.39 percent, at 21,963.27, the S&P 500 was down 10.31 points, or 0.42 percent at 2,463.71.

Aug 10 (Reuters) - The Dow lost more than 100 points on Thursday as investors fretted over escalating tensions between the United States and North Korea. The yield on three-year Treasurys fell 2.0 basis points to 1.804 percent and the return on benchmark five-year government bonds shed 2.0 basis points to 2.004 percent. The stock fell $169 to $1,879.98. Discovery Communications Inc. fell 70 cents, or 2.9 percent, to $23.60. MetLife fell 75 cents, or 1.6 percent, to $47.56, while Charles Schwab slid 69 cents, or 1.6 percent, to $41.33. The company booked a hefty charge and said its CFO is leaving. Alliance Data Systems fell $6.28, or 2.7 percent, to $225.64. The stock lost $2.80 to $9.04. South Korea's Kospi declined 1.7% Friday, putting its weekly drop at 3.2% - its largest since June 2016. Economists had expected prices to rise by 0.2 percent. Hong Kong's Hang Seng was off 0.3 percent. Germany's DAX fell 0.9 percent, while the CAC 40 in France lost 0.5 percent. The precious metal is often seen as a safe haven for investors during times of uncertainty.

The Nasdaq is up 833.75 points, or 15.5 percent.

OIL: Benchmark U.S. crude lost 24 cents to $48.37 per barrel on the on the New York Mercantile Exchange while Brent crude, used to price worldwide oils, declined 20 cents to $51.70 per barrel in London. Brent crude, used to price worldwide oils, gained 10 cents to $52.24 in London.

In other energy futures trading, wholesale gasoline was little changed at $1.62 a gallon, heating oil rose 2 cents, to $1.65 a gallon, and natural gas rose 6 cents, to $2.88 per 1,000 cubic feet.

CURRENCIES: The dollar slipped to 109.48 yen from 109.85 late Wednesday. The euro slid to $1.1732 from $1.1752.

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