How major United States stock market indexes fared Wednesday

A family plays in the sand in Tumon Guam on Thursday Aug. 10 2017. The small U.S. territory of Guam has become a focal point after North Korea’s army threatened to use ballistic missiles to create an “enveloping fire” around the island. The excla

"North Korea was fodder for the overnight trade, and as we headed into today we haven't seen any more saber-rattling", said JJ Kinahan, chief market strategist at TD Ameritrade.

Bank shares were hit hard Wednesday and that pulled the Stoxx Europe 600 Bank Index down 1.4%, the biggest decline in three weeks and the first loss in five sessions. Eastern time. The Dow Jones industrial average slid 52 points, or 0.2 percent, to 22,032.

Regional stocks remained lower throughout the session after North Korean leader Kim Jong Un made an explicit threat to strike a USA military base in Guam (http://www.marketwatch.com/story/north-korea-threatens-missile-strike-on-us-base-on-guam-2017-08-08).

BONDS: Bond prices rose. President Donald Trump then said any aggression from Kim Jong Un, North Korea's leader, would be met with "fire and fury and frankly power, the likes of which this world has never seen before".

By 3.08pm, the FTSE 100 had fallen by 121 points or 1.6% and was on track for its worst day since April, also pressured by losses in the commodity sector and disappointing British export figures. The drop in United States futures Wednesday is not outsized relative to the recent trend; Tuesday was the 14th day in a row the S&P 500 closed within 0.3% of its opening level.

Reports early on Tuesday indicated that North Korea was able to build nuclear bombs small enough to fit on a missile. The stock lost $5.23 to $101.75. Energy stocks fell along with crude prices as investors kept an eye on the latest company earnings and geopolitical news. Regeneron Pharmaceuticals led the pack, adding $4.47, or 1 percent, to $474.15.


The Labor Department said its producer price index for final demand edged down by 0.1 percent in July after inching up by 0.1 percent in June. The index has fallen to its lowest intraday level in well over a month.

In European markets, the French CAC 40 was down 0.3% and Frankfurt's DAX 30 shed 0.8%. The staffing services company posted a rise in second-half profit to €192m, and analysts polled by Thomson Reuters had expected earnings of €194m.

The CBOE Volatility Index (VIX - 11.11) gained 0.2 point, or 1.4%. Netflix also fell, giving up $2.58, or 1.4 percent, to $175.78. Gold settled up 1.4% at $1,256.40 an ounce, then rose almost 2% - to almost $1,283 - after Wednesday's settlement.

September-dated crude futures settled up 0.8%, or 39 cents, at $49.56 per barrel. Brent crude, used to price global oils, gained 16 cents to $52.30 in London.

CURRENCIES: The dollar slipped to 109.98 yen from 110.06 late Wednesday in Asia. The euro edged down to $1.1726 from $1.1751.

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