Wall Street's fear gauge - the CBOE Volatility Index or the VIX - surged 44%, its second-biggest one-day jump of the year.
SIMMERING TENSIONS: North Korea revealed on Thursday a detailed plan to launch a salvo of ballistic missiles toward the U.S. Pacific territory of Guam, a major military hub and home to U.S. bombers. "If the answer is 'yes, ' then you better get defensive". "As long as it doesn't go beyond just a war of words, this is going to be short-lived".
The Dow industrials rose 14.31 points, or less than 0.1%, to 21858.32 on Friday.
The technology sector was the biggest weight on the S&P 500 index with a 1.9-percent drop.
Smaller-company stocks also fell sharply. "This provides an excuse key in hand for investors to cash in profits, or at least to contain for the moment their fever buying in a market where many think it was ripe for a downturn", said Patrick O'hare of Briefing.
Paris to consider video games for 2024 Olympics
Estanguet also had some thoughts for esports skeptics out there: "We have to look at it because we can't say, 'It's not us". By 2022, it will become an official sport at the event, although it is unknown which games would be contested.
Sharp pull backs defined the indexes in today's trading. It has been more than a year since the last 5% downdraft in stocks and more than 76 weeks since the stock market suffered a 10% loss.
With Japan and South Korea also warning North Korea, investors are taking a step back to see what is happening before chipping in back, Bakhos said.
USA stocks deepened their losses following the latest Trump comments, and the S&P 500 volatility index, known unofficially as the "fear index", rose decisively. It slipped Friday but was up more than 50% for the week.
The headlines about North Korea served as a spark to jolt investors out of complacency on the heels of an extended period of calm in the market, said McClellan who shared the following chart in a report.
Retailers slid after department stores Macy's and Kohl's both said same-store sales continued to decline in the second quarter. The stock fell $1.01 to $22.02.
Arsene Wenger on Alexis Sanchez signing Arsenal deal
He missed the Community Shield victory over Chelsea with flu and now Wenger has said he is out with an abdominal strain. But manager Arsene Wenger is still uncertain as to whether the salary increase will be enough to extend Sanchez's deal.
In equities, shares of J.C. Penney ( JCP ) were 16% lower pre-bell after the company reported a wider-than-expected fiscal Q2 loss. The Korean won fell against the USA dollar.
USA government bonds strengthened Friday as soft inflation data led investors to further scale back expectations for interest-rate increases from the Federal Reserve. The Treasury yield us 10-year fell to 2,201 % vs. 2,248 % Wednesday night and one of the warrants to 30 years 2,778 %, compared with 2,824 %. Economists had expected prices to rise by 0.2 percent.
A Labor Department report showed its producer price index posted a surprise drop in July, down 0.1% for the largest slide in nearly a year.
Federal funds futures suggested the chance of rate hike in December fell to 40 percent from 42 percent shortly before the release of the data.
China "displeased" as US Navy destroyer passes near artificial island
In July, a U.S. warship sailed near a disputed island in the South China Sea claimed by China, Taiwan, Vietnam. McCain " past an island in the disputed Spratly chain in the South China Sea, US officials told media.
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