US stocks were lower Wednesday afternoon as investors rushed to safe-haven assets after President Donald Trump's "fire and fury" warning to North Korea escalated tensions with the nuclear-armed nation. The Nasdaq composite advanced 0.4% to 6,408.
In Europe, the Stoxx 600 Index finished the day with a decline of 1 percent from the previous close.
He said: "The response that the North Korean nation was considering a missile strike on the U.S. base in Guam was the equivalent of a two fingered response to the USA president, and there is a danger that this war of words between two leaders with large egos could get out of control".
The Dow slid as declines in shares of Apple and those of Goldman Sachs, recently down 2.3 percent and 1.7 percent respectively, outweighed gains in shares of McDonald's and those of Coca-Cola, recently up 1.4 percent and 0.5 percent respectively. The yield on the 10-year Treasury note held steady at 2.26 percent.
Investors piled into safe-haven assets such as U.S. government bonds, gold and the Japanese yen and sold off shares. Germany's DAX Index fell 0.6 percent, while the UK's FTSE 100 Index retreated 1.2 percent, and France's CAC 40 Index slid 1.4 percent.
Barrick Gold Corp rose 2.3 percent to C$21.74 as the price of gold, a safe-haven asset, reached its highest levels in two months.
The tensions, since Trump made his "fire and fury" comments on Tuesday, have wiped out almost $1 trillion from the global equity markets.
"This acquisition and the launch of our direct-to-consumer services mark an entirely new growth strategy for the company, one that takes advantage of the incredible opportunity that changing technology provides us to leverage the strength of our great brands", Iger noted.
"I think the market was looking for a reason to come off here", said Irwin Michael, portfolio manager at ABC Funds.
IN A SKID: Avis Budget Group slumped 6.8% to $31.13 after the vehicle rental company cut its guidance following a weak second quarter.
The pound was down 0.1% against the euro at 1.10.
USA crude rose 0.41 percent to $48.79 per barrel and Brent was last at $52.01, up 0.21 percent.
U.S. crude rose 0.41 per cent to US$48.79 per barrel and Brent was last at US$52.01, up 0.21 per cent.
Gold fell $2.10 to $1,262.60 an ounce.
Disappointing earnings also helped pull the market lower Wednesday.
Meanwhile, shares of Kraft Heinz rose as the United States food and beverage company, which has struggled with flagging sales, and Oprah Winfrey announced a new line of "four "flavourful soups and four savoury sides" under the name O, That's Good! as part of a previously-announced partnership between the two". Crude briefly pared losses in late trading after USA inventories fell more than expected last week.