USA stocks snap 3-day losing streak in roller coaster week

Traders work on the floor of the New York Stock Exchange

S&P, Dow Hit Record Highs as Apple Climbs

Travel and media companies led US stocks lower in afternoon trading Wednesday as some rare earnings disappointments weighed on the market.

The modest rebound came at the end of a turbulent week on Wall Street as escalating tensions between the USA and North Korea rattled global markets.

S&P 500 e-minis were down 10.25 points, or 0.41 percent, with 180,193 contracts traded. The Dow Jones industrials average gained 14.31 points, or 0.1 percent, to 21,858.32.

A Labour Department report showed its producer price index posted a surprise drop in July, down 0.1 percent for the largest slide in nearly a year.

Falling crude prices made oil & gas stocks a weight too, dropping 1 percent with Tullow Oil the top faller. As a result, the yield on the benchmark ten-year note, which moves opposite of its price, is down by 1.5 basis points at 2.226%.

Stock market falls can hit pension values, but savers who are not set to take their savings for a number of years typically don't need to worry, as losses are usually recouped over the longer term. Travel-review website operator TripAdvisor was down 2.7 percent.

In recent trading, the Nasdaq and the S&P 500 have fallen to new lows for the session. The FTSE 100 index of leading British shares was 0.6 percent lower.

The NASDAQ Composite Index and Dow started the day lower but regained strength and recovered some losses as the day progressed.

Korea's Kospi dropped 1.7%, cementing a weekly loss of 3.2%.

Space India to live-stream solar eclipse from US
This particular eclipse will first hit the Pacific Ocean, then move into OR , cross the U.S.to SC and end in the Atlantic Ocean. The City of Statesville itself won't be inside a path of totality for an eclipse until 2645, so don't wait around for that one.

S&P falls 1.4 pct in safety flight on N. Korea tensions
Mr Trump's comments sparked a late afternoon selling on Tuesday, with the Dow ending a nine-day streak of closing records. Since the beginning of 2017, the barometer index of the S&P 500 had only two sessions of declines of 1 % or more.

US military "locked and loaded" on North Korea
North Korea has previously mobilised large crowds to show its resolve when tensions escalate. United President Donald Trump has personally praised India for this step.

European markets were also struggling amid the simmering political stand-off, with the Cac 40 in France dropping 1.4% and Germany's Dax tumbling by 1.1%. The strength in the sector comes as gold for December delivery is jumping USD11.30 to USD1,290.60 an ounce.

"Today's inflation data put the Fed on pause and really diminishes the fact that there's still some noise going around with the North Korea-U.S. situation", said Phil Blancato, CEO of Ladenburg Thalmann Asset Management.

However, U.S. stocks recovered temporarily late on Wednesday as investors appeared to brush off the geopolitical concerns following encouraging comments from Secretary of State Rex Tillerson.

Prices for bonds and gold headed higher.

About 6.22 billion shares changed hands on USA stock exchanges, slightly above the 6.15 billion average for the last 20 sessions.

Revenues in the first six months of the year rose 5.6% to 3.21bn euros (£2.9bn), helped by June's hot weather, and operating profits jumped almost 21% to 266.4m euros.

Wilmar International slipped 6.4 per cent or 22 cents to $3.20; Hongkong Land lost 2.1 per cent or 16 United States cents to US$7.34.

USA crude fell 0.41 percent to $48.39 per barrel and Brent was last at $51.68, down 0.42 percent on the day.

USA crude oil +0.4% at $49.76/bbl. The euro strengthened to $1.1756 from $1.1752.

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