Wall Street finished a hard week on a high note

Judith Bessette
Agosto 13, 2017

"Armenpress" reports the value of Dow Jones down by 0.93% to 21844.01 points, S&P 500 down by 1.45% to 2438.21 points, Nasdaq down by 2.13% to 6216.87 points.

Despite the ongoing turmoil, investors' focus was slowly returning to the USA economy after Chicago Federal Reserve president Charles Evans said Wednesday it would be "reasonable" to announce the beginning of a reduction of the Fed's balance sheet next month. For the week, the benchmark slipped 2.6%.

The Labor Department said its consumer price index inched up by 0.1% in July after coming in unchanged in June.

"The sell-off caused by geopolitical tensions on North Korea will likely be short-lived as long as both Trump and Kim Jong Un keep making feints against each other and neither takes military action", said Tomoaki Fujii, head of the investment research division at Akatsuki Securities Inc in Tokyo.

After North Korea claimed Trump is "driving" the Korean peninsula to the "brink of a nuclear war", the president responded with a tweet suggesting the United States is prepared to take military action against the communist nation.

US President Donald Trump added to the heat by tweeting that "Military solutions are now fully in place, locked and loaded, should North Korea act unwisely".

Crude oil prices tumbled on the back of the selloff on Wall Street and lingering concerns over global oversupply.

Materials, home to gold producers and other resource-based companies, was the only gainer among the index's 10 main sectors and was up 0.6 percent.

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The nuclear-armed nation said it was finalizing plans to fire four intermediate-range missiles over Japan to land 18-25 miles from Guam.

The stage was set for the USA indexes to go lower early Wednesday as investors around the world reacted to the rising war of words between the United States and North Korea, pushing global market indexes lower.

The bond market was without direction: the yield of u.s. Treasury bills to 10 years, which evolves to the inverse of the bond price, appears to 2,190 %, compared to 2,198 % Thursday evening, and that bills to 30 years at 2,786 %, compared to 2,773 %. Economists had expected prices to rise by 0.2 percent.

On Friday, the S&P 500 rose 3.11 points, or 0.1 percent, to 2,441.32. It also raised its outlook. Australia's S&P/ASX 200 dropped 1.2 percent. The stock lost $5.07 to $101.91. The stock fell $169 to $1,879.98.

ASIA'S DAY: South Korea's Kospi sank 1.7 percent to 2,319.71 and Hong Kong's Hang Seng lost 2 percent to 26,883.51.

BONDS: Bond prices rose. The Swiss currency was also on track for its biggest daily gain against the euro since the Swiss National Bank removed its cap on the currency in January 2015.

At 10:34 a.m. ET (1434 GMT), the Toronto Stock Exchange's S&P/TSX composite index fell 70.95 points, or 0.47 percent, to 15,146.38.

Analysts warned the softening dollar could test June's low of 108.82 yen and even the 2017 trough of 108.13 yen.

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