North Korea details plan to fire missile salvo toward Guam

North Korea details plan to fire missile salvo toward Guam

More than 3,000 kilometers southeast of North Korea, Guam is an important strategic hub for the USA military, which has air and naval bases, as well as missile-defense launchers on the island.

"If North Korea ignores our warning and carries out this provocation, it will face strong and firm punishment from our military and the South Korea-U.S. alliance".

In the latest stand off between the USA and N. Korea, Trump was quoted as saying "North Korea best not make any more threats to the United States", adding "They will be met with the fire and the fury like the world has never seen".

"When you have a market like we have had this year, and it has been amazingly calm, and you introduce a major source of uncertainty, there is bound to be some reaction", said Brad McMillan, chief investment officer for Commonwealth Financial.

The last time the S&P closed down more than 1 percent was May 17 when it fell 1.8 percent. "I think (the North Korea situation) is going to continue to provide a little bit of support, but not enough to push prices significantly higher from here", he added.

The Dow Jones Industrial Average fell 94.55 points, or 0.43%, to 21,954.15, the S&P 500 lost 19.51 points, or 0.79%, to 2,454.51 and the Nasdaq Composite dropped 76.39 points, or 1.2%, to 6,275.94.

The NASDAQ tumbled 104.81 points, or 1.7%, to 6,247.69, with Apple, Alphabet, Amazon and Netflix all trading lower.

France Labels Terrorist Recent Incident in Eiffel Tower
France has been on high alert since a series of terrorist attacks in 2015 and 2016 in which more than 230 people died. A security source has reportedly claimed that the suspect wanted to attack a soldier.

Investors piled into safe-haven assets such as USA government bonds, gold and the Japanese yen and sold off shares.

Even before tensions between the USA and North Korea escalated to new levels on Tuesday, Alaska Gov. Bill Walker told Politico he "of course" is concerned about North Korea directing a missile attack at his state. What we're seeing today is political tensions over North Korea and the United States. making people nervous.

The yen held steady against the dollar, taking a breather after having risen on Wednesday to its highest level in almost eight weeks.

However, shares of Dean Foods tumbled, trading 20.1 percent weaker at US$11.96 as of 2.24pm in NY, after the U.S. dairy processor posted quarterly results that fell short of expectations and downgraded its full-year forecast amid "a challenging and rapidly evolving retail environment". The index has fallen to its lowest intraday level in nearly a month.

The VSTOXX, Europe's main gauge of equity market investor anxiety, stirred to reach its highest level in two weeks, though still remained at subdued levels, while its United States counterpart - the Vix - touched a one-month high. Shares of Manulife, which reported better-than-expected results, fell after the company played down talk of a John Hancock spin-off.

CURRENCY: The dollar declined to 109.77 yen from Tuesday's 110.34. As a result, the yield on the benchmark ten-year note, which moves opposite of its price, is down by 2.1 basis points at 2.220%. Prices earlier rose to $1,282.40 an ounce, the highest since June 14.

BONDS: Bond prices rose. Brent crude, used to price worldwide oils, gained 10 cents to $52.24 in London.

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