Wall St rises on inflation data but on track for weekly losses

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Technology companies were leading a broad slide in USA stocks in early trading Thursday, Aug. 10, 2017, as investors pored over the latest batch of corporate earnings reports.

More than £27 billion was wiped off the value of blue-chip stocks on Thursday as investors remained spooked by the simmering tensions between the United States and North Korea.

J.C. Penney slumped as much as 18.25 percent to a record low after the retailer reported a bigger-than-expected quarterly loss.

The CBOE Volatility Index - a measure of investors' expectations for swings in the S&P 500 over the next 30 days - surged 44% Thursday, to 16.04 - its highest level since U.S. Election Day.

At 12:43 p.m. ET (1643 GMT), the Dow Jones Industrial Average was up 49.69 points, or 0.23 percent, at 21,893.7 and the S&P 500 was up 6.84 points, or 0.28 percent, at 2,445.05.

Dow e-minis were down 24 points, or 0.11 percent, with 22,166 contracts changing hands.

The Nasdaq composite lost 13.31 points, or 0.2 percent, to 6,370.46.

Elsewhere, French conglomerate Vivendi saw its stock fall 2.1 percent in the morning hours, while Italy's Mediaset dropped only 0.3 percent.

OIL: Benchmark U.S. crude lost 24 cents to $48.37 per barrel on the on the New York Mercantile Exchange while Brent crude, used to price global oils, declined 20 cents to $51.70 per barrel in London. "You're less than 2 per cent off the high for the S&P heading into a weekend where uncertainty with North Korea still lingers".

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The top-flight also sank lower as a number of stocks went ex-dividend, a process where new buyers no longer qualify for the latest dividend payment. Brent crude, the worldwide standard, lost 23 cents to $52.14 a barrel in London.

Gold held steady at two-month high with spot gold rising 0.1 percent to $1,287.83 per ounce, putting the precious metal on pace for its biggest weekly gains since April.

Shares of Snap were off about 15 percent premarket following the social media company's earnings that came below estimates and a slew of price target cuts.

The local currency closed at 1,143.50 won against the US dollar, down 1.50 won from the previous session's close. Morgan Stanley fell 68 cents, or 1.5 percent, to $45.62.

USA 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. The euro strengthened to $1.1756 from $1.1752.

In the eurozone, the Paris CAC 40 lost 0.3 percent compared with the closing level on Wednesday. Britain's FTSE 100 was down 1.1 percent.

ASIA'S DAY: Japan's benchmark Nikkei 225 inched down less than 0.1 percent to finish at 19,729.74.

"As a portfolio manager, you say, 'Do I think we'll get a war out of this?' " said Torsten Slok, chief worldwide economist at Deutsche Bank, referring to the bluster between North Korea and President Donald Trump.

S&P 500 e-minis were down 4.5 points, or 0.18 percent, with 209,543 contracts traded.

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