August 10, 2017
U.S. equities fell on Thursday as tensions between the United States and North Korea persisted.
The Dow Jones industrial average fell about 100 points shortly after open, with Goldman Sachs contributing the most losses. The S&P 500 declined 0.6 percent, with information technology and financials leading all sectors lower. The Nasdaq composite pulled back 0.75 percent, with Apple, Alphabet, Amazon and Netflix all trading lower.
The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, soared more than 24 percent to trade at 13.79.
Earlier this week, President Donald Trump said that North Korea would face “fire and fury” if it continued to threaten the States, however North Korea has dismissed these warnings by the U.S. incumbent as a “load of nonsense.”
This article was posted: Thursday, August 10, 2017 at 9:38 am