· The Dow Jones Industrial Average .DJI fell 36.64 points, or 0.17 percent, to end at 22,048.7, the S&P 500 .SPX lost 0.9 point, or 0.04 percent, to 2,474.02 and the Nasdaq Composite .IXIC dropped 18.13 points, or 0.28 percent, to 6,352.33.
U.S. stocks clawed back losses late on Wednesday as investors appeared to brush off geopolitical concerns after falling in the wake of U.S. President Donald Trump's "fire and fury" warning to North Korea.
Bargain-seeking investors instead turned their focus to strength in the global economy and earnings toward the end of an active trading day.
· Investors had rushed to safe-haven assets after strongly worded exchanges between Washington and nuclear-armed North Korea late on Tuesday. U.S. Secretary of State Rex Tillerson said he did not believe there was an imminent threat.
· Markets in Asia appeared to stabilize in early Thursday trade, with most major indexes recovering after posting steep falls on geopolitical tensions involving North Korea in the previous session.
· South Korea's Kospi traded just below the flat line, with the benchmark index edging down by 0.02 percent.
· Japan's Nikkei 225 rose 0.26 percent following the announcement of a third consecutive fall in core machinery orders for the month of June. Core orders fell 1.9 percent compared to the rise of 3.7 percent forecast, according to Reuters. While machinery orders are regarded to be a volatile metric, they could potentially influence market sentiment.
Reference: Reuters, CNBC
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