How major U.S. stock market indexes fared on Tuesday

Yolanda Curtis
August 10, 2017

The dollar index .DXY , which tracks the greenback against six rival currencies, was down 0.12 percent to 93.53, after rising as high as 93.888 earlier in the session. Gold and bond prices were headed higher. USA shares were also set to dip, with Dow and S&P futures both inching down 0.1 percent.

In afternoon trading Wednesday, the S&P 500 was down 0.3 percent, while the narrower Dow Jones industrial average was down 0.36 percent.

Investors, who took the North Korea report from Japan in their stride earlier in the day, lost their appetite for risk after Trump's comments to reporters during his vacation at his golf club in New Jersey.

Most Asian currencies stumbled, with the Korean won on pace for its biggest fall in almost eight weeks as North Korea warned it is "carefully examining" plans for a missile strike on the U.S. Pacific territory of Guam.

The remarks followed a new report asserting that US intelligence has assessed that Pyongyang has successfully produced a nuclear warhead that can fit inside its missiles. The Nasdaq composite fell 45 points, or 0.7 percent, to 6,324. The stock lost $5.41 to $101.57.


Dow member Disney dropped 3.9 percent as it reported flat third-quarter revenues due in part to weakness in its cable subscription business.

A more than 1% climb in the Swiss franc against the dollar during the session pressured Swiss stocks.

USA dairy group Dean Foods dropped nearly 21 percent as its quarterly earnings fell, and the stock received a downgrade from JPMorgan. Net income fell to US$3 million from US$36 million in the year-ago quarter. The company booked a hefty charge and said its CFO is leaving the company.

France's CAC 40 was down 0.2 percent at 5,195 while Germany's DAX shed 0.4 percent to 12,203. It fell 19 cents, or 0.4 percent, to $49.39 per barrel Monday in NY.

Other stock indexes also ended the day lower.


South Korea's won currency dropped 0.9 per cent against the dollar to its lowest close since July 13. Yields fall when prices rise. The yield on the 10-year Treasury note held steady at 2.26 percent.

METALS: Gold, a traditional safe haven play, was moving higher.

Benchmark U.S. crude fell 22 cents to $49.17 a barrel on the New York Mercantile Exchange. Brent crude, used to price global oils, gained 29 cents to $52.43 in London.

But the safe-haven Japanese yen strengthened 0.33 percent versus the greenback at 110.39 per dollar.


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