United States stocks fall on North Korea worries

A street sign for Wall Street is seen outside the New York Stock Exchange in Manhattan New York City

Investors' unease over escalating tensions between the US and North Korea had weighed on stocks earlier in the day, pushing gold and bond prices slightly higher.

Six of the 11 major S&P sectors were higher, with the technology's .SPLRCT 0.36 percent rise leading the advancers. Investors' unease over escalating tensions between the USA and North Korea pushed gold and bond prices higher.

US stock benchmarks were setting up for more losses Friday, with the S&P 500 facing its worst weekly performance since November, as U.S.

-Dixons Carphone Plc tumbled 8.8 percent, headed for its lowest closing price since October 2013, after an analyst recommended selling the shares due to concerns about the mobile market.

Computer hardware stocks rebounded following recent weakness, with the NYSE Arca Computer Hardware Index climbing by 1.4 percent. Brent crude futures lost 0.8 percent to $51.5 per barrel on persistent oversupply worries despite a bigger-than-expected drawdown in USA crude inventories. South Korea's KOSPI fell 1.8 percent to almost a three-month low.

President Donald Trump warning the North would be met "with fire and fury".

The North Korea situation isn't the only thing weighing on stocks.

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The Nasdaq Composite was up 38.25 points, or 0.62 percent, at 6,255.12. As a result, the yield on the benchmark ten-year note, which moves opposite of its price, dipped by 2.3 basis points to 2.189 percent.

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

On Thursday, in response to North Korea's threat to fire missiles at American targets in the Pacific, President Trump said that if Pyongyang "does something in Guam, it will be an event the likes of which nobody has seen before - what will happen in North Korea". Discovery Communications fell 70 cents, or 2.9 percent, to $23.60.

In Europe, Germany's DAX fell 1.1 percent, while France's CAC 40 slid 1.4 percent. Hong Kong's Hang Seng Index plunged by 2 percent, while South Korea's Kospi Index slumped by 1.7 percent. Silver gained 20 cents, or 1.2 percent, to $17.07 an ounce. Oil prices veered lower as early gains faded.

September-dated crude futures settled up 0.8%, or 39 cents, at $49.56 per barrel. Copper fell 2 cents to $2.93 a pound. The euro rose to $1.1753 from $1.1752. Wholesale gasoline was little changed at $1.62 a gallon, heating oil rose 2 cents to $1.65 a gallon and natural gas rose 6 cents to $2.88 per 1,000 cubic feet.

Titled "Reckless game over the Korean Peninsula runs risk of real war", the editorial suggested China will stay neutral if North Korea strikes first, but will intervene if the U.S.is the first mover.

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