Dow goes for 10 record highs in a row

Dow goes for 10 record highs in a row

Dow goes for 10 record highs in a row

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

The major US stock index futures closed lower on Tuesday after President Donald Trump issued a warning to North Korea, saying that its threats will be "met with fire and fury". On Monday, the S&P 500 and Dow closed at record highs.

FED WATCH: Investors looked ahead to an appearance Thursday by Bill Dudley, president of the U.S. Federal Reserve Bank of NY, for signs of the Fed's outlook on the economy.

"Trump's comments about North Korea have created nervousness and the fear is if the President really means what he said: "fire and fury", said Naeem Aslam, chief market analyst at Think Markets in London. The bench mark S&P 500 Index settled at 2474.92, down 5.99 or -0.24% and the tech-based NASDAQ-100 Index finished the session at 6368.43, down 15.34 or -0.24%.

The tough talk came amid reports that North Korea had developed technology to miniaturize a nuclear warhead that could be placed in a intercontinental ballistic missile. The S&P hasn't moved more than 0.5 percent in one day since July and has fallen more than 1 percent only twice this year.

WALL STREET: Losses in health care and consumer-focused companies pulled USA stocks lower, snapping a 10-day winning streak for the Dow Jones industrial average.

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Officials in North Korea said they were "carefully examining" a strike on Guam, which is home to around 163,000 people and two USA military installations and threatened a further "all-out war wiping out all the strongholds of enemies, including the US mainland" in a government statement. Lockheed Martin, Raytheon, General Dynamics and Northrop Grumman were all up, with the Dow Jones U.S. defense index up 1.48 percent at 409.58.

Japan's Nikkei 225 was down 1.25% and South Korea's Kospi declined 0.68%. It fell 19 cents, or 0.4 percent, to $49.39 per barrel Monday in NY.

Nevertheless, traditional safe havens jumped, with the benchmark 10-year US note yield hitting its lowest level since June 28 and gold futures surging more than 1 percent. Meanwhile, markets in Japan, South Korea and other Asian countries were also lower, and so-called futures signaled that USA markets would also open down.

ENERGY: Benchmark U.S. crude lost 23 cents to $48.94 per barrel in electronic trading on the New York Mercantile Exchange. The euro slid to $1.1760 from $1.1793. Brent crude, the global standard, lost 28 cents to $52.09 a barrel in London.

The 10-year note fetched a high yield of 2.250 percent, above the expected 2.234 percent at the bid deadline.

In Europe, the Stoxx 600 Index advanced 0.2%.

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