Dow falls more than 100 points as North Korea tensions linger

US STOCKS-Wall Street swings lower after Trump warns North Korea

The Russian dollar-traded index RTS was down 1.49 percent, and ruble-traded MICEX fell 1.29 percent by midday.

The September crude contract was up 20 cents to US$49.76 per barrel and the September natural gas contract was up seven cents to US$2.95 per mmBTU. Brent crude futures lost 0.8 percent to $51.5 per barrel on persistent oversupply worries despite a bigger-than-expected drawdown in USA crude inventories. It was the biggest percentage loss since mid-June. "I would expect the markets to react again pretty negatively to any more tough talk from either side, but for now, everybody seems to have settled down, and we'll see what happens".

The statement said the plan, which involves the missiles hitting waters 19 to 25 miles from the island, could be sent to leader Kim Jong Un for approval within a week or so.

The Standard & Poor's 500 index fell 10 points, or 0.4 percent, to 2,463.

Retailers Wal-Mart (WMT), Home Depot (HD), Target (TGT), Staples (SPLS), and Gap (GPS) are also among the companies due to report their quarterly results next week. Silver gained 14 cents to $16.39 an ounce.

In other corporate results, a number of companies reported forecast-beating numbers. While the German DAX Index closed just below the unchanged line, the UK's FTSE 100 Index and the French CAC 40 Index both tumbled by 1.1%.

"Generally, earnings are good, .it's our view that this pullback (in stocks) should provide good buying opportunities", ABC Funds' Michael said. And when the S&P 500 breaks a streak of 50+ trading days without a 1%+ up move, the index actually averages a decline over the next month and a gain of just 0.86% over the next three months.

Volatility gauges from the United States to Japan rose after president Donald Trump said in response to a Washington Post report on North Korea's nuclear capabilities that further threats from the country would be met with "fire and fury".

The tensions, since Trump's "fire and fury" comments on Tuesday, have wiped out almost $1 trillion from the global equity markets.

The S&P's record close on August 7 likely helped fuel its latest sell-off.

Nvidia's quarterly revenue in its data center and automotive businesses missed estimates, dragging the chipmaker's shares down 5.43 percent.

The remarks followed a new report asserting that US intelligence has assessed that Pyongyang has successfully produced a nuclear warhead that can fit inside its missiles. It has been the leading S&P gainer so far this year, making it particularly vulnerable to a decline.

Investors instead turned to safe-haven assets such as gold, pushing it to a two-month high, and the Japanese yen JPY= rose. However, strength in the Utilities sectors limited the losses.

The CBOE Volatility Index, the most widely followed barometer of expected near-term stock market volatility, ended at a session low of 11.11 after rising as high as 12.63.

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