KXIP vs KKR Live Score

US stocks were lower Wednesday afternoon as investors rushed to safe-haven assets after President Donald Trump's "fire and fury" warning to North Korea escalated tensions with the nuclear-armed nation. The Dow is down 61.31 points or 0.3 percent at 22,024.03, the Nasdaq is down 30.87 points or 0.5 percent at 6,339.59 and the S&P 500 is down 5.90 points or 0.2 percent at 2,469.02.

The S&P 500 .SPX lost 5.99 points, or 0.24 percent, to close at 2,474.92 and the Nasdaq Composite .IXIC dropped 13.31 points, or 0.21 percent, to 6,370.46.

The back-and-forth came on the heels of reports the United States intelligence community has determined North Korea has successfully produced a miniaturized nuclear warhead that can fit inside its missiles.

Japan said on Tuesday it was possible that North Korea had already developed nuclear warheads and warned of an acute threat posed by its weapons programs as Pyongyang's continues missile and nuclear tests in defiance of United Nations sanctions.

OIL: Benchmark U.S. crude fell 35 cents to $49.04 a barrel on the New York Mercantile Exchange.

WALL STREET: Losses in health care and consumer-focused companies pulled US stocks lower, snapping a 10-day winning streak for the Dow Jones industrial average.

The Dow Jones Industrial Average (DJIA) ended its streak of record highs today, finishing lower for a second session after dismal Disney earnings and amid building tension with North Korea. The Russell 2000 index of smaller-company stocks ticked up 0.2% to 1,416.

"Trump's comments about North Korea have created nervousness and the fear is if the President really means what he said: "fire and fury", said Naeem Aslam, chief market analyst at Think Markets in London. Yields fall when prices rise.

Net income dropped to $US18 million in the second quarter, down from $US33 million in the same quarter a year earlier, the company said in a statement. It fell 19 cents, or 0.4 percent, to $49.39 per barrel Monday in NY.

CURRENCIES: The U.S. dollar weakened to 110.35 yen from 110.72 yen.

Japan's Nikkei 225 was down 1.25% and South Korea's Kospi declined 0.68%.

Nevertheless, traditional safe havens jumped, with the benchmark 10-year USA note yield hitting its lowest level since June 28 and gold futures surging more than 1 percent. The euro edged down to $1.1726 from $1.1751. Brent crude, used to price global oils, gave up 29 cents to $51.85 in London.

MARKETS ABROAD: In Europe, Germany's DAX rose 0.3 percent, while France's CAC 40 added 0.2 percent.

December Comex gold futures had a volatile session on Tuesday, changing direction several times before closing only slightly lower.


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