The Closing Bell 🔔

Stocks close slightly higher Friday. Dow and S&P 500 post biggest weekly losses since March, while Nasdaq falls 1.5%.

👻 Snap shares dipped after announcing yesterday it missed earnings expectations. (🌭 That dancing hotdog, though — big hit). ⬇️ JCPenney is now a penny stock — shares dropped to below $4. 🌯 Chipotle shares climbed 1.4%. 🥗 Weight Watchers hit a 52-week high. Shares are up 320% this year.

😬 Investors are still waiting for inflation to pick up, which could point toward a likely December interest rate hike. 🏆 Gold continued to surge. 💣 According to Reuters, “nearly $1 trillion has been wiped out from global equity markets since Trump’s promise on Tuesday to unleash “fire and fury” on North Korea.”

Other market items:

• Signs of fear creep back on Wall Street (CNNMoney)
• 4 ways China could hurt North Korea’s economy (CNNMoney)
• Corporate America is having its best earnings season in 13 years (Bloomberg)
• Wall Street bank bans some Venezuelan bonds (CNNMoney)