Wall Street ends up slightly, snapping three days of losses

Wall Street stocks rose on Friday (Aug 11), ending a three-day slide on worries about North Korea as investors stepped in to take advantage of a brief pullback in leading technology stocks.

President Donald Trump kept the heat on North Korea, warning that the U.S. military is "locked and loaded" in the event of a misstep by the totalitarian state. "Hopefully Kim Jong Un will find another path", tweeted, US President Donald Trump in another warning to N Korea on Friday. "You're less than 2 percent off the high for the S&P heading into a weekend where uncertainty with North Korea still lingers", Lerner said.

The Dow Jones Industrial Average was up 13.21 points, or 0.06 percent, to 21,857.22, the S&P 500 gained 2.38 points, or 0.10 percent, to 2,440.59 and the Nasdaq Composite added 33.77 points, or 0.54 percent, to 6,250.64.

Robert Phipps, a director at Per Stirling Capital Management LLC in Austin, Texas, said he was reassured after Dallas Fed President Rob Kaplan said the Fed needs evidence of progress toward its inflation goal before raising rates.

Global stocks fall on rising unease over North Korea
Shanghai posted its biggest one-day drop since December while Seoul stocks again ended deep in negative territory. The Dow rose slightly on Friday after shedding 205 points the day before, its worst slide in almost three months.

Almost $1 trillion has been wiped out from global equity markets since Trump's promise on Tuesday to unleash "fire and fury" on North Korea if it threatens the United States.

However, the S&P Bank sub-sector fell 0.7 percent on dimming prospects of another rate hike this year since higher rates tend to boost bank profits. At least 12 brokerages cut their price targets on the stock.

J C Penney became the latest retailer to suffer the consequences of weak earnings, diving 16.6 per cent after reporting a US$62 million loss in the second quarter.

Advancing issues barely outnumbered decliner on the New York Stock Exchange by a 1.15-to-1 ratio; on NASDAQ, a 1.10-to-1 ratio favored advancers.

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