Equities revive despite rising tension between the US and North Korea
DSIJ Intelligence / 12 Aug 2017
Although the geopolitical tension between the US and North Korea continues to rise, the equities displayed a bullish undertone during Friday’s trade and were revived to some extent.
Although the geopolitical tension between the US and North Korea continues to rise, the equities displayed a bullish undertone during Friday’s trade and were revived to some extent. The S&P 500 gained 0.13% to end at 2,441.32 with information technology rising 0.75% to lead advancers. The index posted its second-worst weekly performance of the year and fell 1.43% for the week, the highest such fall since the week of March 24.
The Dow Jones industrial average closed 14.31 points higher at 21,858.32 after briefly trespassing into the negative zone. The Nasdaq Composite increased 0.64% to 6,256.56 as large-cap tech stocks rebounded. The index posted its third-worst weekly performance of the year.
Meanwhile, the war of words between the two nations continues and in the latest salvo, US President Donald Trump tweeted another warning to N Korea on Friday stating, “Military solutions are now fully in place, locked and loaded, should North Korea act unwisely. Hopefully Kim Jong Un will find another path.”