How major United States stock market indexes fared Thursday

Escalating US-North Korea tensions hit markets

FIRE AND FURY: Keeping up his tough talk, U.S. President Donald Trump told reporters that North Korean leader Kim Jong Un's government should "get their act together" or face the consequences, and suggested that his earlier threat to unleash "fire and fury" on North Korea was too mild. 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. As a result, the yield on the benchmark ten-year note, which moves opposite of its price, dipped by 2.3 basis points to 2.189%.

The broad-based S&P 500 was hit even harder, dropping 1.5 percent to close at 2,438.22, while the tech-rich Nasdaq Composite Index lost 2.2 percent 6,216.87.

The Nasdaq composite lost 18.13 points, or 0.3 percent, to 6,352.33.

The dollar-denominated RTS index was down 1.5 percent at 1,013 points as of 0834 GMT, taking its year-to-date loss to 12 percent.

The stock was the biggest gainer in the S&P 500, rising $8.02 to $45.25. The Dow slumped by 1.1%, while the Nasdaq and the S&P 500 tumbled by 1.5% and 1.4%, respectively.

Top automaker Hyundai Motor was up 0.69 percent, and top steelmaker POSCO advanced 0.44 percent. The major index futures are now pointing to a modestly higher open for the markets, with the Dow futures up by 21 points.

The rhetoric, which began late Tuesday and continued into Friday, cracked the calm that has enveloped the market for months and interrupted stocks' march higher.

Disney dropped 4.5% after reporting a weak quarter and saying it would pull its movies from Netflix and start two of its own video streaming services.

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Priceline Group slumped 6.5 percent after issuing a profit forecast that was weaker than analysts were expecting.

Shares in several other big media companies also declined. The company booked a hefty charge and said its CFO is leaving.

Data storage company Seagate Technology (STX) posted a standout gain within the hardware sector, jumping by 2.4%.

Brent crude futures lost 0.8 percent to $51.5 per barrel on persistent oversupply worries despite a bigger-than-expected drawdown in USA crude inventories. Brent crude, used to price worldwide oils, gained 10 cents to $52.24 in London. Silver also rose, gaining 43 cents, or 2.6 percent, to $16.82 an ounce.

The Dow is up 2,081.41 points, or 10.5 percent. Copper rose 4 cents to $2.94 a pound.

The dollar fell to 109.85 yen from 110.48 yen late Tuesday.

Excluding food and energy prices, core consumer prices still crept up by 0.1 percent in July, matching the increases seen in the three previous months. The euro held steady at $1.1752.

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