Today's action was dominated by a selloff in technology companies and a move toward safe haven assets after North Korea's foreign minister said that President Donald Trump's latest comments constituted a "declaration of war."
Overseas markets ended the day mixed, with a bias toward the downside. In Europe, most major averages were in the red, but the Stoxx 600 managed to lock in a 0.18% gain. This while the Europe Dow fell 0.61%. In Asia, the story was similar, with the Asia Dow falling 0.42%. Hong Kong's Hang Seng index was the biggest loser, down 1.36%.
Here in the States the major averages were bifurcated, with the Transports and Utilities heading higher (up 0.11% and 0.79%, respectively), while the Industrials, Nasdaq and S&P 500 fell. The Industrials ended the day down 53 points, while the Nasdaq fell 0.88% and the S&P 500 declined 0.22%.
U.S. bond prices move higher as investors pared risk. ... Log in or subscribe to continue reading.