USA stocks close slightly lower, trimming earlier losses

  • USA stocks close slightly lower, trimming earlier losses

USA stocks close slightly lower, trimming earlier losses

In Europe, Germany's DAX fell 1.1 percent, while the CAC 40 in France lost 0.6 percent. The Standard & Poor's 500 index fell 0.2 per cent, to 2,474.92. The Nasdaq composite lost 0.2 per cent, to 6,370.46. "And while risks remain elevated from a geopolitical perspective, valuations are not necessarily excessive, though full".

The recent resilience of data on the U.S. economy has not dampened the latest climb, despite depressing prices earlier in the week as reports returned high employment figures ahead of further U.S. inflation information this week. Is that a reason to be?

Wall Street put a floor under global equities on Friday after a weak inflation reading brought investors back into US stocks even as tensions between the United States and North Korea continued to escalate, though that tension still drove safe-haven buying of gold and the yen. The Korea tensions though have seen both USA and European markets this week push back expectations of when the Fed and ECB might hike interest rates.

The index ended up 4.93 points at 16.04, the highest level since November 8, when Trump was elected president.

The Dow fell for eight straight days back in March.

The Dow fell more than 200 points, a almost 1% drop, and its biggest dip in three months.

The markets may benefit from bargain hunting, as some traders look to pick up stocks at reduced levels following the pullback seen over the past few sessions.

Still, analysts said the market seemed to be a bit skeptical that the North Korea situation would grow into a major crisis, noting that the losses were still not that deep. And while the CBOE Volatility Index (VIX) - the stock market's "fear index" - trimmed some of yesterday's gains, the VIX wrapped up its biggest weekly gain since December 2015. Meanwhile, the dollar USDJPY, -0.31% fetched ¥109.69, compared with ¥110.31 late Tuesday.

The market jitters gave investors an opportunity to pocket some of their recent gains following a string of record highs fueled by strong corporate earnings. Some say expectations for its server-chip business were just too high (

Risk appetite deteriorated further later in the U.S. session on Thursday as United States equities remained under pressure.

Stock markets around the world continued their downward slide after US President Donald Trump made another verbal attack on North Korea.

An editorial in China's state-run Global Times (, published late Thursday local time, added to the pressure on Asian markets. Japan and South Korea vowed a strong reaction if the North were to go through with the plan. Dillard's slumped 13.8 percent after the chain booked a loss for the second quarter as increased inventory led to big discounts.

Investors reacted by driving up the price of gold and bonds, traditional safe-haven plays.