More than 430 stocks from all U.S. exchanges hit their lowest levels in 52 weeks or more on Thursday, the most for any session since mid-November right after Trump was elected.
Buying interest may be somewhat subdued, however, as the ever-escalating war of words between President Donald Trump and North Korea continues to raise geopolitical concerns.
In the first four days of the week, the Standard & Poor's 500 index swung from marking its latest record high to posting its biggest single-day drop in almost three months. Instead, it provided an excuse for a selloff many investors consider overdue. "If the market really believed that the reaction of north korea was imminent, I think it would drop much more" nuanced Alan Skrainka. The Dow Jones industrials average gained 14.31 points, or 0.1 percent, to 21,858.32.
The Nasdaq Composite .IXIC was up 34.61 points, or 0.56 percent, at 6,251.48. The Russell 2000 index of smaller-company stocks picked up 1.69 points, or 0.1 percent, to 1,374.23.
Semiconductor, computer hardware, oil service, and retail stocks also saw considerable weakness, moving lower along with most of the other major sectors. It has been the leading S&P gainer so far this year, making it particularly vulnerable to a decline.
Ten of the S&P 500's 11 major sectors closed negative on August 10, 2017.
"If you strip away what's going on in North Korea, and if you strip away what's going on in Washington, which are things that are tougher to predict, the economy, the global recovery, earnings, it all paints a very positive picture for the rest of the year", Kravetz said.
Korea's Samsung Electronics fell 2.8% Friday. Indeed, US equities sold off at the open and added to those losses this afternoon following President Trump's latest warning to North Korea.
"Military solutions are now fully in place, locked and loaded, should North Korea act unwisely".
Still, there were fewer signs of anxiousness in the markets Friday. It's still the highest it's been since May.
The selling in the US extended to global markets Friday.
Excluding food and energy prices, core consumer prices still crept up by 0.1% in July, matching the increases seen in the three previous months.
Chelsea stunned by pumped-up Burnley The Blues forced goalkeeper Tom Heaton into a couple of smart saves, in a hope of regaining a foothold in the match. Chelsea boss Antonio Conte joked that he will prepare his side to go down to 10 men for the next game.
Pep Guardiola Unmoved By Manchester City Favorite Tag The attacking duo of Gabriel Jesus and Sergio Aguero have formed a lethal partnership, as was evident in the pre-season. Of the trio that have been brought in so far, Kyle Walker and Danilo started while Benjamin Mendy recovers from injury.
The data comes amid tepid inflation that has remained below the Fed's 2 percent target, despite low unemployment.
"The data confirms the Fed will have a wait-and-see attitude", said King Lip, chief investment officer at Baker Avenue Asset Management in San Francisco.
Technology companies, which suffered the brunt of the selling a day earlier, were back in the lead Friday. Seagate shares rose 74 cents to $32.29.
On Friday, fellow retailer J.C. Penney dropped 16% after its second-quarter loss exceeded expectations.
Publishing company News Corp (NWSA) reported fiscal fourth quarter earnings that beat estimates, although its revenues fell short. The stock lost 78 cents to $3.93.
Benchmark 10-year notes last rose 7/32 in price to yield 2.1888 percent, from 2.211 percent late on Thursday.
On the currency front, the USA dollar is trading at 108.82 yen compared to the 109.20 yen it fetched at the close of NY trading on Thursday. On the Nasdaq, 1,462 issues rose and 1,227 fell. Natural gas was also flat at $2.98 per 1,000 cubic feet.
Mining heavyweights BHP Billiton and Rio Tinto retreated 2-3%, while gold miners Evolution and Newcrest rose about 2% each.
The dollar slipped to 109.04 yen from 109.26 late Thursday. Against the euro, the dollar is valued at USD1.826 compared to yesterday's USD1.1772.
Major indexes in Europe closed mostly lower.
While the German DAX Index has edged down by 0.1%, the French CAC 40 Index and the UK's FTSE 100 Index are both down by 1%. MSCI's broadest index of Asia-Pacific shares outside Japan closed 1.37 percent lower. South Korea's Kospi lost 1.7 percent, while Hong Kong's Hang Seng slid 2 percent. The fact that ended with a 1%-plus drop, however, might be good news.
Frank Lampard has admitted that he was surprised to see Chelsea sell Nemanja Matic to Manchester United this summer. Chelsea opted to let Matic leave the club this summer after they brought in Monaco midfielder Tiemoue Bakayoko.
Mourinho did no such thing. "Some people can get sick of it, but most players would like to have been the first to score". United have spent around £150million adding Romelu Lukaku , Nemanja Matic and Victor Lindelof to a star-studded squad.
Benchmark 10-year notes US10YT=RR last rose 5/32 in price to yield 2.2255 percent, from 2.242 percent late on Wednesday. Instead, investors turned to assets that tend to benefit in times of geopolitical and financial stress.
Raymond James Financial Services Advisors Inc increased Smucker J M Co ( SJM ) stake by 24.55% reported in 2016Q4 SEC filing. Congress Asset Management Company bought 2,352 shares as the company's stock declined 7.31% while stock markets rallied.
The driver of the Challenger was taken into custody and charges were pending, said Al Thomas, the Charlottesville police chief. His alleged action led to the death of a yet to be identified 32 year old woman and several critical injuries.
He said: "To buy lots of good players is important". "We tried everything to equalise and then to win the game", he said. He doesn't need time to adapt to England. "He's a player of 29 and has five years in the Premier League".
I don't know whether it was lack of concentration or game management". "After that, we get the efficiency". He's a collective player and an intelligent player".
Rory McIlroy and his fantastic cart-path par at PGA
Most famously, Spieth and Phelps in July were part of a high-profile athlete group that posed for an Instagram photo. Spieth was happy to get through with a 72 in his quest to become the sixth player to complete the career Grand Slam.
Giroud confirms Arsenal stay after opening-day winner
A lot of people feel they aren't serious contenders because they do not have the "big" names that can elevate them to that level. The Premier League is back! Arsenal will today host erstwhile champions, Leicester City in a first-of-its-kind Friday kick-off.
Giroud wants to stay and fight for his place, claims Wenger
Carragher was speaking shortly after Giroud had helped Arsenal to an incredible comeback win against Leicester at the Emirates . The English Premier League is going to be back with a bang as Arsenal take on Leicester City in the opening match tonight.
AECOM (ACM) Rating Reiterated by Canaccord Genuity
Canaccord Genuity reiterated a "hold" rating and issued a $36.00 target price on shares of AECOM in a research note on Tuesday. AECOM (ACM) belonging to the Industrials sector has declined -3.18% and closed its last trading session at $31.96.
Mets dealing veteran Neil Walker to the Brewers
Neil Walker's tenure with the Mets was near a conclusion as the Mets finished batting practice Saturday at Citizens Bank Park. The Milwaukee Brewers have pulled off a deal to acquire second baseman Neil Walker in a trade with the New York Mets .