Yen firms after N.Korea says considering plan to strike Guam

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In recent trading, the Nasdaq and the S&P 500 have fallen to new lows for the session.

At 11:03 a.m. ET (1503 GMT), the Dow Jones Industrial Average .DJI was down 110.36 points, or 0.5 percent, at 21,938.34, the S&P 500 .SPX was down 19.12 points, or 0.77 percent, at 2,454.90.

The decline followed overnight losses on Wall Street.

Shortly after this announcement, North Korea said it was "carefully examining" the idea of a missile strike on Guam, a U.S. Pacific territory, Reuters reported citing the North's state-run KCNA.

"They believe that we are not true USA citizens, when we do have plenty of Chamorro people going into the USA military and serving for their country and dying for their country", he said.

All three major equity benchmarks finished sharply lower on Thursday for their worst day since mid-May, with the trifecta of indexes all tumbling for a third straight session for the first time since mid-April, amid a persistent war of words between the US and North Korea. "What we're hopeful is that this pressure campaign (including sanctions), which the entire world now has joined us in, and with the engagement of China and Russian Federation, two of North Korea's closest neighbors - that they can begin to persuade the regime that they needed to reconsider the current pathway they're on and think about engaging in a dialogue about a different future".

The Labor Department said its producer price index for final demand edged down by 0.1 percent in July after inching up by 0.1 percent in June. "I would expect the markets to react again pretty negatively to any more tough talk from either side, but for now, everybody seems to have settled down, and we'll see what happens".

After the bell, Twenty-First Century Fox shares were up 0.7 percent following the release of its results. Core prices had been expected to rise by 0.2 percent. The index has fallen to its lowest intraday level in well over a month. The company's stock (NYSE:DIS) dropped $4.15, or 3.88 per cent, to US$102.83. One thing dollar watchers might want to keep an eye on in coming months is whether Congress puts any sort of repatriation into its tax reform plan, which would allow USA companies to bring back overseas profits at a lower tax rate.

In Asia, markets were mostly lower after disappointing Chinese trade data. Prices earlier rose to $1,282.40 per ounce, the highest since June 14.

Nevertheless, APRN is down 12.7% in pre-market trading, headed for a record low.

Top automaker Hyundai Motor was up 0.69 percent, and top steelmaker POSCO advanced 1.04 percent. On August 9, the market started the day with a weaker sentiment but regained strength as the day progressed.

In the bond market, treasuries extended the upward move seen in the previous session amid ongoing geopolitical concerns.

CURRENCIES: The euro was down 0.1 percent at $1.175 while the dollar fell 0.6 percent to 109.68 yen.

It will then report back to the commander-in-chief of the North Korean nuclear force and wait for his order. Macy's appears to be front and center in the brick-and-mortar vs. online fight, while J.C. Penney (JCP) - which reports Friday - has struggled, with falling sales in Q1. (NWSA) Nordstrom (JWN), Nvidia (NVDA), and Snap (SNAP) are among the companies releasing their quarterly results the close of today's trading.