US Close 11 Aug 17: Dow and S&P 50 list biggest falls since May on North Korean tensions

August 10, 2017

US sharemarkets fell sharply on Thursday as investors responded to the tensions between the US and North Korea. North Korea's claim it was completing plans to fire four intermediate range missiles over Japan to land near Guam drove the initial selloff. A press conference by US President Trump saying that his earlier warnings to North Korea may not have been tough enough, added to the negative sentiment in late trade, and pushed indices to session lows. The CBOE Volatility index rose 43% to 16 - a three month high. The Dow Jones index fell by almost 205 points or 0.9% with the S&P 500 down by 1.5% while the Nasdaq lost 136 points or 2.1%.

 

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