Stocks plunge over North Korea tensions

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The S&P 500 gained 3.11 points, or 0.1%, to end at 2,441.32, supported by gains in consumer-discretionary, technology and health-care sectors.

Continuing tensions between the U.S. and North Korea plagued the United States stock market rattling investors and sparking a pull back. "And while risks remain elevated from a geopolitical perspective, valuations are not necessarily excessive, though full".

"I will tell you this, North Korea better get their act together or they're going to be in trouble like few nations ever have been in trouble in this world", Trump said. Is that a reason to be? "North Korea threatened in a detailed outline to create 'historic enveloping fire" by firing missiles in the waters off Guam. It is now on track for its biggest weekly drop since the week before the November 8 U.S. presidential election. The S&P shed 1.4%, its worst week since March, while the Nasdaq posted a weekly loss of 1.5%, its worst since June. Amazon shares finished down 2.6%.

Wall Street's fear gauge - the CBOE Volatility Index or the VIX - surged 44%, its second-biggest one-day jump of the year.

The headlines about North Korea served as a spark to jolt investors out of complacency on the heels of an extended period of calm in the market, said McClellan who shared the following chart in a report. The Dow Jones industrial average slid 204.69 points, or 0.9 percent, to 21,844.01, just shy of its low point for the day.

Federal Reserve Presidents Robert Kaplan and Neel Kashkari are scheduled to give speeches.

Wall St. Lower as Investors Weigh Rising N. Korea Tensions
About 6.22 billion shares changed hands on US stock exchanges, slightly above the 6.15 billion average for the last 20 sessions. Eight of the 11 major S&P sectors were lower, with the consumer discretionary index's 0.59 percent fall leading the decliners.

Shares of Macy's tumbled 10.2 percent and Kohl's was down 6 percent as the companies continued to report a drop in quarterly same-store sales, stoking concerns that their turnaround may still be a long way off. The stock has more than doubled over the past 12 months, gaining more than 160%.

Asian equities excluding Japan slid the most in eight months on Friday as the rhetoric between US and North Korean leaders intensified.

Despite the drop, analysts said the market seemed to be a bit skeptical that the North Korea situation would grow into a major crisis, noting that the losses were still not that deep. The move added to escalating U.S.

If the North Korean regime "does anything" to the U.S. or a United States ally "things will happen to them like they never thought possible", he told reporters on Thursday, according to Bloomberg. The company delivered revenue of $1.46bn which beat expectations of $1.42bn.

Safe-haven assets such as gold and the Swiss franc were again in favor.

In equities, shares of J.C. Penney ( JCP ) were 16% lower pre-bell after the company reported a wider-than-expected fiscal Q2 loss.

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