Key facts about Guam, the center of US-North Korea tension

Associated Press Koreas bureau chiefs talk rising tensions

Key facts about Guam, the center of US-North Korea tension

At 9:38am ET (1338 GMT) the Dow Jones Industrial Average was down 85.43 points, or 0.39%, at 21,963.27, and the S&P 500 was down 10.31 points, or 0.42% at 2,463.71.

The Dow Jones fell by about 37 points, with Walt Disney adding the most losses, the broader S&P 500 closed around breakeven, and the tech heavy Nasdaq also softened. Earlier, the average had been down more than 88 points.

The single currency slipped 0.3 percent to $1.1723 and was holding just above a July 28 low of $1.1688. The Russell 2000 index of smaller-company stocks gave up 13.20 points, or 0.9 percent, to 1,396.95. The NYSE Arca Biotechnology Index plunged by 3.4 percent to its lowest closing level in well over a month.

It is unclear whether North Korea would risk firing missiles so close to US territory, which could provoke countermeasures and further escalation.

Virginia ranks 7th in cheapest gas prices
The region remains expensive, however, with MI posting a state average that's 5 cents above the national average. Gas prices in Rhode Island are now higher than the national average, having increased by eight cents this week.

GOT A PULSE: Health care stocks, which have been in a slump, were headed higher. Energy stocks fell along with crude prices as investors kept an eye on the latest company earnings and geopolitical news.

Gold prices rallied to almost $1280 an ounce on Wednesday as rising tensions between the US and North Korea stoked demand for the safe-haven metal.

"But looking ahead, unless we start to see a conflict breakout or a major stock market correction, (gold) is capped at $1,295, (although) the upside at the moment is the favoured direction".

The Swiss franc and Japanese yen had notched up impressive gains against the dollar on Wednesday after U.S. President Donald Trump warned North Korea that it would face "fire and fury" if it threatened the United States. For years, North Korea has claimed Guam is within its missiles' striking distance, making furious statements each time when the USA flew powerful bombers from the island's air base to the Korean Peninsula.

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He added, 'A divide is being witnessed in the ruling party'. 'It is people's trust that inspires Nawaz Sharif , ' he stated. Sharif made the remarks just before leaving for Lahore, where he will hold a huge rally.

The precious metal is usually seen as a safe port in times of geopolitical uncertainty. But the moves were modest.

Gold rose 0.6 per cent to $1,268 an ounce. The yield on the 10-year Treasury note fell to 2.22 percent from 2.26 percent late Tuesday.

THE QUOTE: While the tough talk about the potential for war is scary, investors have heard it many times before. "We have no choice but to acknowledge the risks, and to report that financial markets are reacting to them". The back and forth put investors in a selling mood for the third day in a row.

Priceline Group dropped 8 percent after issuing a profit forecast that was weaker than analysts were expecting. Fifteen of the Dow's 30 stocks ended higher, led by Home Depot and Travelers' 1.2% rallies. Ten-year USA yields dropped 4.3 basis points to 2.24 per cent and German equivalents fell 3 bps to 0.43 per cent, a six-week low.

Washington Trust Bank Sells 1221 Shares of Mylan NV (MYL)
Now, Mylan MYL, +0.31% says that it's suffering too-and claims that the FDA's new policy is hitting them twice as hard. Royal Bank Of Canada's target price would indicate a potential downside of 0.25% from the company's previous close.

-North Korea tension also weighed on the Canadian dollar, which weakened against its US counterpart, despite higher oil prices and stronger-than-expected domestic housing data.

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