Stocks slide on continued concern over tension between United States and North Korea

-North Korea tensions exact a toll on investor sentiment.

The Labour Department said that its Consumer Price Index inched up 0.1% last month, pointing to subdued inflation which could make Federal Reserve policy makers cautious regarding another interest rate hike in 2017.

However, U.S. stocks recovered temporarily late on Wednesday as investors appeared to brush off the geopolitical concerns following encouraging comments from Secretary of State Rex Tillerson.

A sell-off in heavyweight basic resources stocks prompted a third day of losses for European shares on Friday, posting their worst week this year amid a ramp-up of tensions between the United States and North Korea.

Nervous investors drove shares lower earlier in the week, after President Trump declared Tuesday that the US would react with "fire and fury" to further nuclear provocations from North Korea. The single-session equity put/call ratio jumped to 0.83 - the highest since April - and the 21-day moving average rose to 0.65. The Nasdaq composite fell 45 points, or 0.7 percent, to 6,324.

The VStoxx Index of euro zone volatility gained 2.1 per cent, reaching its highest level since April. "So why buy risk assets (such as equities or credit) when the thematic at hand isn't going to resolve itself in the immediate short-term?"

Thursday's selling in the US extended to global markets Friday.

ANALYST'S TAKE: "The tensions between North Korea and the U.S.is an excuse for profit-taking", Seo Sang Young, an analyst at Kiwoom Securities.

Damage for the week: The days of verbal sparring between Washington and Pyongyang looks set to bruise weekly performances for the major USA indexes. But for the week the S&P 500 lost 1.3 percent, its worst weekly showing since March.

Cloud Peak Energy Inc (NYSE:CLD) Rating Lowered to Sell at BidaskClub
BMO Capital Markets has "Market Perform" rating and $3.70 target. (NYSE:CLD) on Wednesday, November 2 with "Neutral" rating. Kopernik Global Investors Llc sold 1.31 million shares as the company's stock declined 40.03% while stock markets rallied.

The Nasdaq Composite, meanwhile, was facing its worst week since the one ended December 2, which logged a loss of just over 2%.

The S&P 500, which had its biggest one-day drop in nearly three months on Thursday, was on track to post its biggest weekly decline since November.

"Results have been fairly okay, but the reaction to the results has been on the soft side. which perhaps suggests investors are increasingly nervous that valuations are getting to unsustainable levels", Harper said.

"U.S. tech is a case in point". As a result, the yield on the benchmark ten-year note, which moves opposite of its price, is up by less than a basis point at 2.215%. It is expected to be issued at 8:30 a.m. ET (GMT). Eastern Time, alongside core CPI. Economists had expected prices to rise by 0.2%. The index had its biggest drop since mid-May a day earlier.

ValueAct sold 7 million shares of this Dow stock.

WALL STREET: U.S. stocks closed lower on Thursday led by technology companies. Seagate shares rose 74 cents to $32.29.

Nordstrom (JWN), NVIDIA (NVDA), and Snap (SNAP) will report earnings.

Overseas markets were also lower Wednesday.

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