"That reset is being triggered by North Korea geopolitical concern and stretched valuations", said Peter Kenny, senior market strategist at Global Markets Advisory Group in NY.
"As a portfolio manager, you say, 'Do I think we'll get a war out of this?'" said Torsten Slok, chief global economist at Deutsche Bank, referring to the back and forth between North Korea and President Donald Trump.
U.S. President Donald Trump issued a new verbal warning to Pyongyang on Thursday, saying that his previous promise to unleash "fire and fury" may not have been strong enough after North Korea responded with a threat to land a missile near the U.S. Pacific territory of Guam.
In Europe, the pan-continental STOXX 600 index lost 0.8 per cent, with falls deepening after reports a vehicle had rammed a group of soldiers in Paris, injuring six. The Swiss currency was also on track for its biggest daily gain against the euro since the Swiss National Bank removed its cap on the currency in January 2015. Heating oil fell 1 cent to $1.63 a gallon.
Technology companies led USA stocks slightly higher in afternoon trading Friday, recouping some of the losses from the day before. Perrigo rose $1.58, or 2.1 percent, to $78.43.
"The unpredictable nature of North Korea means it is hard to gauge exactly how likely an attack is, yet given the military power of both nations, there is no surprise we are seeing markets shift out of risk assets and into havens such as the yen and gold", said IG market analyst Joshua Mahony, in a note.
Energy stocks also fell along with the price of crude oil. TMX Group Ltd was up 3.5 percent to C$68.23, while Quebecor Inc added 2.9 percent to C$44.60.
The market volatility - the VIX index, nicknamed " the fear index, had been dashed the night before - remained high compared to the evolution since the beginning of the year.
SeaWorld Entertainment slid 6.2 percent after the theme park operator reported second-quarter revenue that fell short of Wall Street's expectations. Its shares slid $9.77, or 5.3 percent, to $174.02.
Canadian Tire Corp Ltd rose 3.4 percent to C$146.65.
After a dip of as much as 0.52 percent earlier in the day, Wall Street's three major indexes bounced off intraday lows.
In Europe, the pan-continental STOXX 600 index fell 0.9 per cent, with falls deepening after a auto rammed a group of soldiers in Paris, injuring six, in what officials said was a suspected terrorist attack.
BONDS:Bond prices rose. Hong Kong's Hang Seng Index plunged by 2%, while South Korea's Kospi Index slumped by 1.7%.
Benchmark U.S. crude was down 21 cents to $48.38 a barrel on the New York Mercantile Exchange.
At 10:34 a.m. ET (1434 GMT), the Toronto Stock Exchange's S&P/TSX composite index fell 70.95 points, or 0.47 percent, to 15,146.38.
US crude rose 1.08 percent to $49.70 per barrel and Brent was last at $52.78, up 1.23 percent on the day.
In other precious metals, silver was almost flat at $16.90 per ounce after hitting its highest since June 15 earlier in the session.
The bond market was without direction: the yield of u.s. Treasury bills to 10 years, which evolves to the inverse of the bond price, appears to 2,190 %, compared to 2,198 % Thursday evening, and that bills to 30 years at 2,786 %, compared to 2,773 %.
Unlike most holding midfielders, Matic doesn't just play with his back to defenders. "Better without the ball and with the ball". Mourinho's track record of winning league titles across Europe in his second season at the club is very striking.
Egypt's railway system has a poor safety record, mostly blamed on decades of badly maintained equipment and poor management. Transport Minister Hisham Arafat said "human error" led to the collision but did not elaborate.
Of the four, possibly five, MPs recently found to hold dual citizenship, only the two Greens senators completely resigned. Holding public office as a dual citizen is not allowed under Australia's constitution.
Apart from questioning restaurant staff, police was examining the closed-circuit television footage from the restaurant. We are probing if it was an accidental fall or if he was pushed off the terrace. "We are probing all angles.
THE Bureau of Meteorology has issued a severe weather warning, with a strong cold front approaching the south west of the state. Residents in Perth and elsewhere have been warned to expect damaging winds later this morning as the front moves up the coast.
Finally, Ameriprise Financial Inc. raised its position in shares of Randgold Resources Limited by 15.8% in the first quarter. HSBC Holdings plc reissued a "hold" rating on shares of Randgold Resources Limited in a research report on Friday, July 7th.
Matic was the other man-of-the-match contender as he dominated the midfield on his home debut following a £40m move from Chelsea . Ricardo Carvalho was one of the best defenders in the history of the Premier League but in the beginning he struggled.
Cenovus Energy (NYSE:CVE) Given Daily News Impact Score of 0.17
BidaskClub upgraded Cenovus Energy from a "strong sell" rating to a "sell" rating in a research report on Wednesday, August 2nd. COPYRIGHT VIOLATION WARNING: This news story was posted by Sports Perspectives and is the property of of Sports Perspectives.
Israel welcomes USA delegation for peace talks resumption
President Trump stressed that Palestinians and Israelis need "direct negotiations", the United States official added. According to a senior Israeli official, the delegation is evidently expected to arrive in the last week of August.