Stocks plunge over North Korea tensions

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The fall of the S&P 500 has been higher, at 1.5 %, most felt still for the Nasdaq, technology stocks losing 2.1% on the session. The Treasury yield us 10-year fell to 2,201 % vs. 2,248 % Wednesday night and one of the warrants to 30 years 2,778 %, compared with 2,824 %.

Wall Street declined on Thursday, with the S&P 500 registering its first daily drop of more than 1% in nearly three months, as investors grew cautious over escalating tensions between the United States and North Korea.

At the close trading in NY, the Dow Jones Industrial Average was down 204.69 points, or 0.9%, to 21,844.01, its biggest one-day fall since May 17. The index - which last week hit 22,000 for the first time - closed at 21,844.

Wall Street stocks posted their biggest declines in almost three months Thursday as President Donald Trump doubled down on his warnings to North Korea over its nuclear program.

Meanwhile, the Russell 2000 index of small-cap stocks finished out the week 2.7% lower, its biggest one-week decline since February 2016.

A man watches a television screen showing U.S. President Donald Trump, left, and North Korean leader Kim Jong Un during a news program at the Seoul Train Station on Thursday. "As long as it doesn't go beyond just a war of words, this is going to be short-lived". "I think a few investors are capitulating to it".

Trump was responding to North Korea's claim it was completing plans to fire four intermediate-range missiles over Japan to land near the US Pacific territory of Guam.

Earlier on Thursday, North Korea revealed a plan to launch ballistic missiles toward a major USA military hub in the Pacific.

The market jitters gave investors an opportunity to pocket some of their recent gains after a string of record highs fueled by strong corporate earnings.

Trump Says 'Fire and Fury' Warning to North Korea Not 'Tough Enough'
Missile tests by the North and impending military exercises by the South and the US have raised tensions on the Korean peninsula. Judge Jeanine said. "We should have the ability to go after him first and block it".

The three major US indices have sold off this week amid investors' jitters after Trump said on Tuesday that threats from Pyongyang would be "met with fire and fury like the world has never seen".

Following the sell-off seen in the previous session, stocks are regaining some ground during trading on Friday.

Technology stocks, the biggest gainers this year, led Thursday's market slide.

"We have not had a 5 percent correction since June 2016".

Several financial sector companies also helped pull down the market.

The Dow slid as declines in Apple and Goldman Sachs, down 2.3% and 1.7% respectively, outweighed gains in McDonald's and Coca-Cola, up 1.4% and 0.5% respectively.

Benchmark U.S. crude fell 97 cents, or 2 percent, to $48.59 a barrel on the New York Mercantile Exchange.

Oil prices closed lower after an early rally faded. Brent crude, used to price global oils, slid 80 cents, or 1.5 percent, to $51.90.

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