S&P falls 1.4 percent in safety flight on North Korea tensions

Asian and US equities were hit by the escalating geopolitical tensions

NORTH KOREA: President Donald Trump warned North Korea of "fire and fury" this week in response to recent threats from Pyongyang, which said it was examining plans for attacking Guam, a USA territory in the Pacific with a military base.

THE QUOTE: "Risk-averse sentiment is dominating global equities markets, and USA indices have retraced from record levels over the last two days". The Russell 2000 index of smaller-company stocks gave up 6 points, or 0.5 percent, to 1,390.

Technology stocks, the biggest gainers this year, led Thursday's market slide.

Technology companies were leading a broad slide in USA stocks in early trading Thursday as investors pored over the latest batch of corporate earnings reports.

Wall Street got off to a downbeat start early Thursday as tensions between the USA and North Korea continued to escalate, rattling markets overseas.

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.

Several financial sector companies also helped pull down the market. The S&P has lost more than 1 percent on only three days this year. Kohl's also declined, sliding $2.66, or 6.3 percent, to $39.28.

Shares of Kohl's were down 8.4 percent, while Macy's fell 4 percent after the department store operators reported a fall in sales.

Disappointing quarterly results from big department store chains also weighed down the market. Dillard's Inc. slumped 15.9 percent after the chain booked a loss for the second quarter, as increased inventory led to big discounts.

North: Media to Partly Blame for Escalating US-N. Korea Tension
Heretofore, the administration has urged China to press North Korea as a kind of subcontractor to achieve American objectives. The US and North Korea have exchanged a series of warmongering statements over the recent week.

County schools plan a 'phenomenal' extended day for upcoming solar eclipse
You can use solar eclipse paper over the lens, but experts say that even at full-zoom, your photos will be small, KGW reported . The school system has acquired special glasses which are safe for solar viewing to allow students to view the eclipse.

BJP President Amit Shah Offers Chief Minister Nitish Kumar To Join NDA
He added that this was not a personal fight against Nitish Kumar but a fight of principles and to save democracy and brotherhood. Nitish, however, swore-in as the Bihar Chief Minister the very next day with Sushil Modi as his Deputy Chief Minister.

UNDERCOOKED: Blue Apron slumped 17.1 percent after the meal kit seller reported a sequential decline in customers in the second quarter due to a planned reduction in marketing.

Other markets: Oil turned lower after the International Energy Agency said oil supply rose for a third month as compliance with an OPEC output deal faltered but prices have rebounded (http://www.marketwatch.com/story/oil-prices-head-lower-as-global-tensions-continue-unabated-2017-08-11) to edge up.

Nvidia's quarterly revenue in its data center and automotive businesses missed estimates, dragging the chipmaker's shares down 5.43 percent. Benchmark U.S. crude fell 83 cents, or 1.7 percent, to $48.73 a barrel on the New York Mercantile Exchange.

In Europe, the Stoxx 600 Index fell 1%.

The annual decline in prices stands at 1.7% in July, compared to 1.6 % in June, according to the index, below the 2% target of the federal Reserve.

The dollar slipped to 109.26 yen from 109.85 late Wednesday.

The December gold contract was up US$12.40 to US$1,285.40 an ounce. The major index futures are now pointing to a modestly higher open for the markets, with the Dow futures up by 21 points.

For the week, the Dow is on track to fall 0.9%, its biggest one-week drop since April. Altice USA, the subsidiary of the French company, added 0.1 percent.

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