The Standard & Poor's 500 index slipped 0.90 points, or 0.04 percent, to 2,474.02.
Hours later, North Korea said it was considering launching missiles at Guam.
The stock exchanges in NY saw tiny losses at the end of trading on Tuesday, while Dow-Jones Index and S & P 500 earlier notched new records.
The drop by Disney came after the company reported fiscal third quarter earnings that came in above estimates but on weaker than expected revenues. Trump is also not a man who takes things lying down and this war of words led to a risk off mode in the market which meant that the yen and gold gained across the board.
The Russell 2000 is down 15.37 points, or 1.1 percent.
Tokyo's Nikkei 225 tumbled 1.3 percent to 19,740.12 and Seoul's Kospi fell 0.8 percent to 2,375.88.
In late trading, USA 10-year yields were at 2.237. However, if the US/ North Korean tensions continue to escalate then we would look for further Asian stock declines in the coming days.
USA stock index futures are down, with the S&P 500 predicted to open 0.4 percent lower on Wednesday. S&P 500 also lost zero.two-four percent, closing at 2,474.9-2 and the Nasdaq lost about the same, falling zero.2-1 percent to 6,370.4-6.
On the earnings front, 21st Century Fox (FOXA), Jack In The Box (JACK), and Planet Fitness (PLNT) are among the companies releasing their quarterly results after the close of today's trading. It was last up 0.0 percent at 1.1329 per euro EURCHF= . Forecasts were for a rise by 1.2%, while costs during the first quarter were revised upwards to 5.4% from 2.2%.
Stocks ended more than one percent down in Seoul while the won slumped to a three-week low against the dollar as the U.S. president and South Korea's volatile neighbour dramatically ramped up their war of words.
ENERGY: Benchmark U.S. crude added 28 cents to $49.45 per barrel in electronic trading on the New York Mercantile Exchange.
The Dow is down 7.47 points, or 0.03 percent. But the Nasdaq stopped short of a test of its 50-day moving average, and pared its loss for the day to 0.3%. Brent crude was flat at $52.16. the fall in price could have been attributed to rising gasoline inventories.
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