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That's the biggest increase since May.
"Subdued participation this year and lean positioning suggests that market participants would have to play catch-up on a break higher", she said in a note.
"Absent actual military action, I think the markets will realize that the rhetoric got head of the actual policy and it is time to calm down a little bit", McMillan said. "This really is a profit-taking sell-off". "Nothing that I have seen and nothing that I know of would indicate that the situation has dramatically changed in the last 24 hours".
TIME OUT: Fossil tumbled 23.7 percent after the watch maker said sales continued to weaken, falling short of analysts' estimates. Of those, 52 percent delivered earnings and revenue that beat financial analysts' forecasts, according to S&P Global Market Intelligence.
Foreign investors have been cashing in gains in tech stocks since July following a recent bull run of the local stock market. Netflix also fell, giving up $4.37, or 2.4 percent, to $174.
Earnings hits and misses also had a strong influence on the Canadian market, with a string of companies swinging in both directions.
On Thursday, Federal Reserve Bank of New York President William Dudley offered a positive outlook for the US economy, job market and inflation, saying better conditions would help support the most vulnerable Americans.
"Tensions will continue to mount and could eventually develop into a "black swan" event that the markets are not prudently considering", Steve Hanke, professor of Applied Economics at the Johns Hopkins University, told the Reuters Global Markets Forum on Wednesday. Its shares slid $11.64 to $61.70. It was on course for an over 5 percent weekly rise, the highest such gain since July 2016. Rival TripAdvisor also slumped after its latest quarterly report showed that online and transaction revenue growth fell sharply. The stock was the biggest decliner in the S&P 500, losing $166.50 to $1,882.50.
In commodities, US crude fell 0.67 percent to $49.23 per barrel and Brent was last at $52.58, down 0.23 percent on the day.
Oil prices edged higher after a report showed USA refineries processed record amounts of crude in the latest week, eating into inventories, although a surprise jump in gasoline stockpiles limited gains.
Other energy futures trading was mixed. It slid 80 cents, or 1.5 percent, to close at $51.90 per barrel on Thursday. December Comex gold settled the day up 1% at $1,279.30 an ounce while September Comex silver settled at $16.863 an ounce, up more than 2% on the day.
Barrick Gold Corp rose 2.3 per cent to C$21.74 as the price of gold, a safe-haven asset, reached its highest levels in two months. It was last up 1.1 per cent at 1.1321 per euro.
Major stock indexes overseas also racked up losses Thursday. The Dow Jones Industrial Average was down 71 points, or.32 percent, ending a 10-day streak of rises. Humana rose $3.59, or 1.4 percent, to $253.81.
South Korea's Kospi sank 1.7 percent to 2,319.83 and Hong Kong's Hang Seng shed 1.8 percent to 26,946.81.