Markets Right Now: Stocks open lower

Concern over simmering geopolitical tensions sent Europe's stock markets down for a third day after President Trump stepped up his war of words with North Korea but by late afternoon opportunistic buyers had begun to return on Wall Street.

North Korea said it was completing plans to fire four intermediate-range missiles over Japan to land near the U.S. Pacific island territory of Guam in an unusually detailed threat.

"That may have weighed a little bit" on markets, said Phil Guarco, global investment specialist J.P. Morgan Private Bank.

The Dow Jones industrial average fell 85 points, or 0. percent, to 21,962. The index hit a life-high of 415.49 earlier.

The broad-based S&P 500 shed 0.6 percent to 2,459.50, while the tech-rich Nasdaq Composite Index tumbled 0.8 percent to 6,299.12. Prices for bonds and gold headed higher. Macy's sank 10.3 percent and Kohl's lost 5.8 percent. Kim Jong Un's regime outlined a plan to fire missiles towards the USA territory of Guam after Trump's remarks on Tuesday.

The lower close on Tuesday came on the heels of remarks by President Donald Trump warning North Korea against making further threats. The DJIA was poised for a fall of 1.1%, making for its worst week since a 1.5% drop in the one ended March 24.

"If earnings can stay strong and interest rates remain low, investors can look beyond North Korea and continue to rally equities", said Phipps.

Priceline Group dropped 8 percent after issuing a profit forecast that was weaker than analysts were expecting. The stock fell $3.30 to $30.09.

Ralph Lauren gained $10.38, or 13.3 percent, to $88.53, while peer-to-peer loan company LendingClub added 99 cents, or 18.1 percent, to $6.45. Asian and European stocks continued the sharp decline Friday. Its shares slid $9.77, or 5.3 percent, to $174.02.

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And we were walking up, and we were talking about like if we can get a tee shot on 18, we could finish the round", Day explained. Since he teed off, even if the horn blew to stop play, his group could elect to finish the hole since one ball was in play.

On the economic front, the Labor Department released a report showing an unexpected drop in USA producer prices in the month of July. Brent crude slid 80 cents U.S., or 1.5%, to US$51.90.

In other energy futures trading, wholesale gasoline dipped 1 cent to $1.62 a gallon. On the Nasdaq, 2,082 issues fell and 669 advanced.

Gold fell $2.10 to $1,262.60 an ounce. Copper rose 4 cents to $2.94 a pound.

CURRENCIES: The euro slipped 0.1 percent to $1.1176 while the dollar was steady at 109.20 yen.

The pound was down 0.09% against the euro at 1.1049 and down nearly 0.2% on the dollar at 1.2978.

Markets overseas were mixed Tuesday.

Manufacturing production in June was flat, as predicted, after falling 0.1% in May, while United Kingdom construction output badly missed forecasts fell 0.1% month on month and rose 0.9% year-on-year. Wholesale inventories are expected to climb by 0.6 percent.

Disappointing earnings also helped pull the market lower Wednesday. South Korea's Kospi also suffered a loss, giving back 0.4%.

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