Tech companies lead drop on Wall Street

People walk past an electronic board showing stock prices outside a brokerage at a business district in Tokyo

Earlier, the average had been down more than 88 points. The Nasdaq composite lost 37 points, or 0.6 percent, to 6,332.

Wall Street closed sharply lower last night after US President Donald Trump issued a new round of fiery rhetoric, warning Pyongyang against attacking Guam or US allies after it disclosed plans to fire missiles over Japan to land near the US Pacific territory.

The remarks followed a new report that United States intelligence has assessed that Pyongyang has successfully produced a nuclear warhead that can fit inside its missiles.

Investors have also headed to other traditional havens, such as the Swiss franc and the Japanese yen. As a result, the yield on the benchmark ten-year note, which moves opposite of its price, fell by 2.9 basis points to 2.212%.

THE QUOTE: While the tough talk about the potential for nuclear war is scary, investors have heard it many times before.

TOUGH TALK: Tensions between the USA and North Korea continued to simmer early Friday.

Beyond geopolitical concerns, investors continued to size up company earnings reports.

Nirmal Bang Commodities said, "Gold prices are expected to rise". The stock lost $142.20 to $1,906.80. The Dow slid also fell 0.2 percent, to 22,085.34. 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.

Trump 'military' talk on Venezuela unnerves LatAm
Vice President Mike Pence heads to four Latin American countries, Colombia, Argentina, Chile and Panama in the next few days. And the regime's use of excessive force and mass detentions had repulsed all but its staunchest allies in the region.

USA crude shed 20 cents to $48.97 a barrel, while Brent crude fell 26 cents to $51.88 a barrel. It rose $15.70, or 1.2 percent, to $1,277.80 an ounce. The company booked a hefty charge and said its CFO is leaving the company. The stock lost $2.80 to $9.04.

Data showed the number of Americans filing for unemployment benefits unexpectedly rose last week, but the underlying trend remained consistent with a tightening labor market. The stock fell $1.07 to $5.17.

Nasdaq 100 e-minis were down 38.75 points, or 0.65 percent, on volume of 38,566 contracts. In Asia, several indexes closed lower overnight. The stock fell $2.25 to $20.79. Hong Kong's Hang Seng was off 0.3 percent.

Gold for December delivery was recently up 0.9% at $1,290.70 a troy ounce on the Comex division of the New York Mercantile Exchange, the highest level since June 8. Brent crude, used to price worldwide oils, gained 10 cents to $52.24 in London.

The Korean story has seen the yen gain around 1.5 percent this week, its biggest rise since mid-May.

Seagate Technology gained 2.3 percent after investor ValueAct disclosed that it had acquired a 7.2 percent stake in the digital storage company. Copper fell 2 cents to $2.93 a pound.

In currencies, the yen strengthened 0.64 per cent versus the greenback at 109.37 per dollar. Get twice-daily updates on what the St. Louis business community is talking about.

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