Wall Street lower on US-North Korea tensions

Shares in several other big media companies also declined.

The mounting tensions between North Korea and the United States took its toll on the market for the third day in a row. Oil prices veered lower as early gains faded.

The Nasdaq Composite was up 38.25 points, or 0.62 percent, at 6,255.12. Eastern time. The Dow Jones industrial average slid 125 points, or 0.6 percent, to 21,923. The Nasdaq composite lost 76 points, or 1.2 percent, to 6,275.

North Korea on Thursday outlined details for a missile strike near the US territory of Guam, adding fuel to rising tensions with the United States.

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 government bonds strengthened Friday as soft inflation data led investors to further scale back expectations for interest-rate increases from the Federal Reserve.

Meanwhile, the Russell 2000 index of small-cap stocks looked poised for a weekly drop of almost 3%, its biggest one-week decline since February 2016. 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. Nvidia fell $4.73, or 2.7 percent, to $167.38. The stock fell another 2 cents, or 0.4%, to 5.12 Friday.

An Associated Press report that the USA and North Korea have been engaged in back channel talks (https://apnews.com/686ac7c761694b28b67793a1d8297145?link=mktw) for several months even as they exchange incendiary threats may also help to soothe jitters. MetLife fell 75 cents, or 1.6 percent, to $47.56, while Charles Schwab slid 69 cents, or 1.6 percent, to $41.33.

Retailers slid after department stores Macy's and Kohl's both said same-store sales continued to decline in the second quarter.

2 biotech stocks that rallied after earnings. Dillard's slumped 17.8 percent after the chain booked a loss for the second quarter as increased inventory led to big discounts. Its shares tumbled $11.35 to $61.99. Rival Advanced Micro Devices was also down 3.4 percent.

Shares of Snap were off about 15 percent premarket following the social media company's earnings that came below estimates and a slew of price target cuts. The trend appeared to overshadow strong quarterly revenue growth in the quarter. Germany's DAX Index fell 0.6%, the UK's FTSE 100 Index retreated 1.2% and France's CAC 40 Index slid 1.4%. It added 39 cents to $49.56 a barrel on Wednesday. Silver gained 20 cents, or 1.2 percent, to $17.07 an ounce. The September copper contract was down two cents to $2.91 a pound.

CURRENCIES: The dollar slipped to 109.31 yen from 109.85 late Wednesday.

"It is a market that is beginning to encounter some major threats and of course the threat is geopolitical", said Peter Cardillo, chief market economist at First Standard Financial. Netflix lost 1.5 percent.

Japan's benchmark Nikkei 225 inched down less than 0.1 per cent to finish at 19,729.74.

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