With the sell-off on the day, the Nasdaq and the S&P 500 fell to their lowest closing levels in a month.
The major averages ended the session just off their worst levels of the day.
The Dow Jones Industrial Average rose 14.31 points to close at 21,858.32.
A weaker opening on Wall Street further added to the downward pressure in Europe.
If Friday's data points to strong U.S. inflation, it could raise concerns about further interest rate increases.
Rising costs for housing, medical care and food helped push the Consumer Price Index (CPI) up 0.1 percent in July, seasonally adjusted, after no change in June and a 0.1 decrease in May, the US Labor Department said.
Five of the 11 major S&P sectors were higher, with the technology's 0.80 percent rise leading the advancers. Netflix also fell, giving up $4.57, or 2.6 percent, to $173.79.
Investor focus now turns to Friday's U.S. consumer price index data.
Buying interest was somewhat subdued, however, as the ever-escalating war of words between President Donald Trump and North Korea continued to raise geopolitical concerns.
Nevertheless, the geopolitical uncertainty looks set to continue, dealers said, following Trump's fresh warning Thursday that his earlier threat to unleash "fire and fury" on the reclusive nuclear-armed state may not have been "tough enough".
Tigers confirm signing of Benji Marshall
Halves Tuimoala Lolohea and Luke Brooks performed well for the Tigers and should gain plenty of confidence from this showing. Marshall, 32, has signed a one-year contract with the Tigers which will likely see him end his career at Concord.
This week's increase in tension between North Korea and the US over North Korea's nuclear missile programme is a timely warning for investors to remain diversified, affirms a leading analyst.
"Military solutions are now fully in place, locked and loaded, should North Korea act unwisely. We see many of our new enquiries and clients using the opportunity to protect themselves against an uncertain future, especially given the unpredictability of both President Trump and Kim Jong-Un".
(Employees push a trolley laden with crates of one kilogram gold bars at the YLG Bullion International Co. headquarters in Bangkok, Thailand.Getty Images/Dario Pignatelli/Bloomberg) Gold has rallied 2.3% this week on the heels of renewed tension with North Korea.
Computer hardware stocks rebounded following recent weakness, with the NYSE Arca Computer Hardware Index climbing by 1.4 percent.
For the week, the Dow is down 1.1%, its biggest one-week drop since November.
The market indexes wavered between small gains and losses for much of the morning, then veered lower by afternoon. The stock has more than doubled over the past 12 months, gaining more than 160%. Shares of Manulife, which reported better-than-expected results, fell after the company played down talk of a John Hancock spin-off. Asian and European stocks continued the sharp decline Friday.
The S&P 500 dropped the most since May and MSCI's gauge of stocks across the globe .MIWD00000PUS lost 1.1 percent in its third straight day of declines, as it pulled further back from all-time highs.
Trading was thinner than usual, with Japanese markets closed for a public holiday.
"A global stock market fund will have its fair share of value and growth companies, unlike -say- the FTSE 100 index which is predominately value-orientated with its bias towards energy, mining and financial, or the Japanese TOPIX which is growth-orientated with a predominance of consumer goods companies".
JJ Kinahan, chief strategist at TD Ameritrade, said geopolitics had "splashed cold water on the markets". OIL: Benchmark U.S. crude gained 4 cents to $49.60 a barrel on the New York Mercantile Exchange.
Moretz ended the confession stating that one never knows what might happen and that maybe she might meet Carter one day. At the time, he claimed that there was an issue with his vehicle and that is why he was driving so badly on the road.
Video footage shows a silver Dodge Charger racing down the narrow street, plowing into pedestrians before slamming into two cars. Late in the afternoon, a Virginia State Police helicopter crashed in woodland south-west of the city, killing two people.
Do I have any regrets? "I really do not know how this work is done, but I do understand that it has to be done and done well". Actually, from the time I came in, there have been elements working against me, some of them from within the CBFC.
In a recent interview to a website, Rahul said that not converting the starts into big hundreds will make him more hungry. The celebration wasn't the usual: the twirl of moustache and slapping of thigh. "It was a fun thing with the boys".
Arsenal failed to do what they have been known for in the past decade, as they missed qualification into the Champions League. The Arsenal manager's unresolved future last season had a awful impact on his side's end to the Premier League campaign.
Investors instead turned to safe-haven assets such as gold, pushing it to a two-month high, and the Japanese yen rose. Shares of Michael Kors ended up 21.5 per cent, after the luxury goods maker raised its full-year revenue forecast.
Significant strength was also visible among software stocks, as reflected by the 1.2% gain posted by the Dow Jones Software Index. The data comes amid tepid inflation that has remained below the Fed's 2 percent target, despite low unemployment.
The Average Directional Index or ADX is a technical analysis indicator used to describe if a market is trending or not trending. Aroon Up below 50 warns that the up-trend is weakening while Aroon Down below 50 signals that the down-trend is weakening.
The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website . In related news, insider Michael Kneeland sold 30,000 shares of United Rentals stock in a transaction on Friday, July 21st.
Gold steady near 2-mth highs as N. Korea tensions continue
MSCI's broadest index of Asia-Pacific shares outside Japan skidded 1.55 percent, its biggest one-day loss since mid-December. USA crude (CLc1) was unchanged at $48.59 per barrel and Brent (LCOc1) was last at $51.84, down 1.63 percent on the day.
Packers sign LS Brett Goode
Jansen, the team's initial long-snapper who all but had the job locked up, suffered a season-ending injury at the end of August. The veteran long-snapper will be competing against inexperienced Derek Hart for the starting job.