Stock Futures Lower Again as North Korea Tensions Intensify

News late Tuesday that North Korea was reviewing plans for an attack on USA military assets on the island of Guam came just hours after President Trump had warned that continued threats would be met "with fire and fury like the world has never seen". Most of the reaction is to President Trump's warning on late Wednesday and North Korea's comment about exploring the idea of hitting USA territory Guam with a missile strike.

Plans are being drawn up and will be ready by the middle of August, North Korea said. Lockheed Martin, Raytheon, General Dynamics and Northrop Grumman were all up, with the Dow Jones U.S. defense index up 1.48 percent at 409.58.

The S&P 500 dropped 1.4% to 2438.21, while the Dow Jones Industrial Average fell 204.69 points, or 0.9%, to 21,844.01.

In the United Kingdom, the stock of TV giant ITV was down 1.9 percent in early trading, and Sky shares were down 0.5 percent, while Germany's ProSiebenSat.1 fell 1.2 percent.

Energy stocks also fell along with the price of crude oil. The S&P hasn't moved more than 0.5 percent in one day since July and has fallen more than 1 percent only twice this year.

N.Korea Details Plans to Attack Guam
Resident Isaac Camacho, 19, says he feels Guam's relationship with the USA mainland is "a little misunderstood on their part". Altogether, 7,000 US military personnel are stationed on Guam. "Japan invaded us, the Spanish invaded us", Genereux says.

The broad-based S&P 500 fell less than 0.1 per cent at end at 2,474.02, while the tech-rich Nasdaq Composite Index dropped 0.3 per cent to 6,352.33. "For now, the North Korea situation bears watching as there's lots of tough talk, but we'll see if it escalates", said Kinahan.

The back-and-forth came on the heels of reports the USA intelligence community has determined North Korea has successfully produced a miniaturized nuclear warhead that can fit inside its missiles.

The Dow slid as declines in shares of Apple and those of Goldman Sachs, recently down 2.3 percent and 1.7 percent respectively, outweighed gains in shares of McDonald's and those of Coca-Cola, recently up 1.4 percent and 0.5 percent respectively.

Elsewhere, French conglomerate Vivendi saw its stock fall 2.1 percent in the morning hours, while Italy's Mediaset dropped only 0.3 percent.

The yield on US 10-year Treasurys slid to 2.192% Friday from 2.211% Thursday.

Roberto Aguayo cut by Buccaneers following rough preseason game
The Buccaneers finally had enough after the 23-year-old missed a field goal and extra-point attempt in their preseason opener. He struggled as a rookie, connecting on only 71 percent of his field goals.

The VIX, a measure of how much volatility investors expect in stocks, jumped 10.4%.

The major European markets also showed notable moves to the downside on the day.

Stocks are opening slightly lower on Wall Street after several companies reported disappointing results.

Avis Budget Group slumped 9.9 per cent as it cut its full-year earnings forecast due to weak car-rental pricing amid a glut of autos.

Benchmark U.S. crude rose 23 cents to settle at $48.82 a barrel on the on the New York Mercantile Exchange.

Discovery Communications, Inc. (NASDAQ:DISCA) Position Raised by US Bancorp DE
Finally, American International Group Inc. raised its position in shares of Discovery Communications by 0.3% in the first quarter. Also, CFO Gunnar Wiedenfels bought 20,000 shares of Discovery Communications stock in a transaction dated Tuesday, August 1st.

CURRENCY: The dollar declined to 109.77 yen from Tuesday's 110.34. Netflix lost 1.5 per cent. The euro edged down to $1.1727 from $1.1751.

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