Wall St set to open lower as tensions with N.Korea mount

United Kingdom stocks headed sharply lower again on Friday, as the escalating tensions between the US and North Korea rattled investors and helped drive a global selloff.

Wall Street stocks posted their biggest declines in almost three months Thursday as President Donald Trump doubled down on his warnings to North Korea over its nuclear program.

S&P 500 e-minis were down 9.25 points, or 0.37 percent, with 296,288 contracts traded.

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. Consumer-focused companies and banks were among the biggest decliners.

While gold XAU= , a safe-haven favorite, pared some gains, it was last up 1.2 percent, at around its highest since mid-June. Small-company stocks fell more than the rest of the market. With the sell-off on the day, the Nasdaq and the S&P 500 fell to their lowest closing levels in a month.

The Nasdaq composite slid 18.13 points, or 0.3 percent, to 6,352.33. However, any signs that the U.S.is preparing for an attack on North Korea and/or the actual launching of missiles by North Korea would likely lead to more significant selling pressure.

In Silicon Valley, Defense Secretary Promotes Diplomatic Solution To North Korea
He said the regime would be in trouble "like few nations have ever been" if they do not "get their act together". It later stated the attack would likely be a "blanketing" volley of missiles at the island. "Our readiness.

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Holowesko Partners LTD Lifted Exxon Mobil (XOM) Position; Autodesk Has 0.89 Sentiment
Barber Financial Group Inc. purchased a new stake in Exxon Mobil Corporation during the fourth quarter valued at $1,726,000. Janney Montgomery Scott LLC's holdings in Exxon Mobil Corporation were worth $66,058,000 as of its most recent SEC filing.

Stocks are opening slightly lower on Wall Street after several companies reported disappointing results.

In Asia, markets appeared to stabilise on Thursday in morning session, although geopolitical tensions involving North Korea continued to weigh on equities.

Shares of Dow component Walt Disney were down 4.94 percent in premarket trading after the company said it will stop providing new movies to Netflix and launch its own streaming service. Travel-review website operator TripAdvisor was down 2.7 per cent.

Earnings, likewise, are expected before the bell from retailer Office Depot (NASDAQ:ODP), drug maker Mylan (NASDAQ:MYL) and fast-food chain Wendy's (NASDAQ:WEN). Britain's FTSE 100 added 0.1 percent.

Safe-haven assets gained. Gold rose 1.2 percent, while the Swiss franc was on track to post its biggest single day rise in about two-and-a-half years. Each fell at least 1.4%.


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