Dow Eyes Another Down Day on North Korea Anxiety, Retail Earnings

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US stocks clawed back losses late on Wednesday as investors appeared to brush off geopolitical concerns after falling in the wake of President Donald Trump's "fire and fury" warning to North Korea. The Dow Jones industrial average slipped 0.9 percent, to 21,844.01, just shy of its low point for the day.

After a dip of as much as 0.52 percent earlier in the day, Wall Street's three major indexes bounced off intraday lows.

The tech-heavy Nasdaq Composite bore the brunt of the sell-off, losing 2.1 percent to 6,216.87.

'Stock markets in Europe are still under pressure because of the heightened tensions surrounding North Korea, ' said David Madden, market analyst at CMC Markets UK.

In the United Kingdom, gold mining stocks Randgold Resource and Fresnillo were among the few to gain - up 2.8% and 4.9%.

Blue Apron shares hit a record low at $5.03 after the meal-kit delivery service provider reported a bigger-than-expected loss in its first quarterly report as a public company.

But while investors appeared to favor safe-haven assets, some bargain seekers helped Wall Street's three major indexes pare losses and some USA officials sought to dial back tensions. Investors will study the numbers to get a feel for the US inflation trend and any impact they data could have on the Federal Reserve's monetary policy.The New Zealand dollar was 0.2 percent higher at $0.7354.

The Japanese yen strengthened 0.08 percent versus the greenback at 110.00 per dollar.

Canadian Tire rose 3.4% to $146.65.

In overseas trading, stock markets across the Asia-Pacific region saw further downside during trading on Thursday. The Nasdaq lost 135 points, or 2.1 percent, to 6,216.

Meanwhile, gold stocks are bucking the downtrend, driving the NYSE Arca Gold Bugs Index up by 1.2 percent.

Benchmark U.S. 10-year notes US10YT=RR rose 9/32 in price to yield 2.2494 percent, from 2.282 percent late on Tuesday.

While gold, a safe-haven favorite, pared some gains, it was last up 1.2 percent, at around its highest since mid-June.

A separate report showed U.S. factory gate prices dipped by 0.1% month-on-month in July, in line with the consensus and alongside a flat reading at the "core" level, which was forecast to rise 0.2%. Brent crude, the global standard, lost 23 cents to $52.14 a barrel in London.

The Swiss franc reversed a two-week losing streak, rising rose 1.12 per cent versus the greenback at 0.96 per dollar. USA gold futures GCcv1 gained 1.63 percent to $1,283.20 an ounce.

Currency markets focused on the USA producer price index data due later in the session.

"The markets are looking for direction after Wednesday's sharp moves and geopolitical concerns will dominate investor mindsets in the coming days", said Esther Maria Reichelt, an FX strategist at Commerzbank in Frankfurt.

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