Nasdaq, S&P 500 Close Higher Amid Tension With North Korea




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Summary: The S&P 500 and the Nasdaq closed out the day in the green, while the Dow finished down slightly as investors grappled with the tension between the leaders of the U.S. and North Korea, while also keeping an eye on the latest healthcare battle. Tech stocks were lower again, with Apple Inc. falling nearly 1%. Apple was under pressure on reports of weaker sales for its new iPhone 8. Nomura is seeing signs of weakness in preorders of the device as slower promotional activities and the launch of the company's special edition iPhone X potentially cannibalize sales. The weekly reading on drilling activity in the U.S. showed the total oil rig count fall by five to 744, according to Baker Hughes. A week prior, the count fell by seven oil rigs. West Texas Intermediate crude settled at around $50.66 a barrel on Friday. Finish Line Inc. jumped more than 6% after edging out profit estimates in its recent quarter. Earnings of 12 cents a share beat the consensus by a penny. Revenue came in slightly short: Sales dipped 3.2% to $469.4 million, missing expectations by $1.1 million. Comparable-store sales declined 4.5%. The footwear retailer expects fiscal 2018 comparable-store sales to fall between 3% and 5%.