Wall St down for the week on N Korea

US STOCKS SNAPSHOT-Wall St falls after Trump warning to North Korea

The Dow slumped 204.69 points or 0.9 percent to 21,844.01, the Nasdaq plummeted 135.46 points or 2.1 percent to 6,216.87 and the S&P 500 tumbled 35.81 points or 1.5 percent to 2,438.21.

The Nasdaq finished the day at 6,216.87, a slide of 135.46, while the S&P 500 lost almost 1.5 percent, ending the day at 2,438.21.

Strong gains in NY, where the Dow saw repeated record highs up until three day ago, had kept investor optimism high when news of the conflict first broke, Currie said.

Five of the 11 major S&P sectors ended higher, with technology's.SPLRCT 0.75-percent rise leading the advancers.

"If we break above this downtrend, then we potentially open up the region up to $1,300, the recent highs we saw in April and June", Butler said. In Europe, the Stoxx 600 index has fallen 1.2 percent for the week. The index is bouncing off its lowest closing level in six months.

"That reset is being triggered by North Korea geopolitical concern and stretched valuations", said Peter Kenny, senior market strategist at Global Markets Advisory Group in NY.

Robert Phipps, a director at Per Stirling Capital Management in Austin, said he was reassured after Dallas Fed President Rob Kaplan said the Fed needs evidence of progress toward its inflation goal before raising rates.

President Trump warned that USA military resources were in place, "locked and loaded", should North Korea "act unwisely", as foreign leaders called on Washington and Pyongyang to end a cycle of rhetorical threats.

However, the S&P Bank sub-sector fell 0.7 percent on dimming prospects of another rate hike this year since higher rates tend to boost bank profits.

Prices rose by just 0.1% last month, below expectations, with the annual inflation rate up to 1.7% from 1.6%. ANZ fell 1.9 percent, Commonwealth shed 0.7 percent and Westpac declined 1.3 percent after RBA Governor Philip Lowe said the central bank is prepared to be patient on rates for quite some time.

The Swiss franc and Japanese yen had notched up impressive gains against the dollar on Wednesday after U.S. President Donald Trump warned North Korea that it would face "fire and fury" if it threatened the United States. The stock lost $142.20, to $1,906.80. The company also said sales at its established stores declined for the fourth straight quarter.

OIL: Benchmark U.S. crude lost 12 cents to $48.47 per barrel on the on the New York Mercantile Exchange. Discovery Communications Inc. fell 70 cents, or 2.9 percent, to $23.60. On the Nasdaq, 1,462 issues rose and 1,227 fell. Brent crude, used to price worldwide oils, declined 23 cents to $51.67 per barrel in London.

Gold added $3.90 to settle at $1,294 an ounce. The September copper contract was down two cents to $2.91 a pound. MSCI's broadest index of Asia-Pacific shares outside Japan closed 0.57 percent lower, while Japan's Nikkei percent. The euro held steady at $1.1752.

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