Data storage company Seagate Technology (STX) is posting a standout gain within the hardware sector, climbing by 2.1%.
The Nasdaq Composite .IXIC was up 34.61 points, or 0.56 percent, at 6,251.48.
North Korea has made threats against the US for years, but a recent military intelligence analysis found the country has developed the ability to build a small nuclear warhead that can reach the United States. "And while risks remain elevated from a geopolitical perspective, valuations are not necessarily excessive, though full". "I think a few investors are in the process of surrender", one can read in a text to The canadian Press. Is that a reason to be?
Far from trying to ease the fever, Donald Trump has stepped up its virulence on Thursday in the face of North Korea, which threatens openly the u.s. territory of Guam in the Pacific.
Still, the S&P and the Dow were on track to post their biggest weekly loss in about five months and the Nasdaq on course to post its biggest weekly fall in about six weeks. Banks and retail chains were also among the big decliners. That conflict will continue to weigh on stocks, analysts believe.
The headlines about North Korea served as a spark to jolt investors out of complacency on the heels of an extended period of calm in the market, said McClellan who shared the following chart in a report.
In addition to the gold, which benefited from the uncertainty, the VIX, volatility index of the S&P 500, jumped 44.4 % Thursday, taking with 4.93 points to 16,04.
10-Year Treasury Yield 2.20% -0.03%.
Blue Apron shares hit a record low at $5.03 after the meal-kit delivery service provider reported a bigger-than-expected loss in its first quarterly report as a public company.
Almost $1 trillion has been wiped out from global equity markets since tensions were sparked off by Trump's "fire and fury" comments on Tuesday.
Despite the drop, analysts said the market seemed to be a bit skeptical that the North Korea situation would grow into a major crisis, noting that the losses were still not that deep.
An editorial in China's state-run Global Times (http://www.globaltimes.cn/content/1060791.shtml), published late Thursday local time, added to the pressure on Asian markets. The Korean won fell against the US dollar.
If the North Korean regime "does anything" to the United States or a USA ally "things will happen to them like they never thought possible", he told reporters on Thursday, according to Bloomberg.
Stock movers:Nordstrom Inc.(JWN) shares edged up after the retailer posted earnings that beat expectations (http://www.marketwatch.com/story/nordstrom-shares-rise-after-retailer-tops-views-sales-rise-2017-08-10).