Stocks fell today, while Treasuries rose with the yen as investors sought havens. Gold jumped, after Donald Trump exacerbated the controversy sparked by a racist rally in Virginia and terrorists struck a crowded street in Barcelona.Donald Trump disbanded two advisory councils staffed by CEOs. He also slammed Republican members of Congress who were critical of his remarks on race.
In economic news, weekly jobless claims fell to a seasonally adjusted 232,000 from 244,000. Meanwhile, U.S. factory output slipped in July as auto production fell off. Technology shares were also suffering the worst of the beating following disappointing results Cisco Systems Inc. The Dow Jones Industrial Average dropped 220 points or 0.95% to 21,805, as Cisco declined 4.6% after the networking-equipment company late Wednesday reported earnings that missed forecasts and predicted a drop in revenue next quarter, and Wal-Mart Stores Inc fell 2.2% after its results, which included lower-than-expected sales from its Sam’s Club division.