Stocks Make Comeback, but Haven't Fully Recovered From North Korea Selloff

S&P 500 Nasdaq Dow Fell Lower on August 10 amid Global Tensions

Political tensions continue to weigh on world stocks

The Nasdaq Composite .IXIC was up 34.61 points, or 0.56 percent, at 6,251.48.

Trump continued to ramp up the rhetoric with a post on Twitter this morning indicating that the U.S. is prepared to take military action against North Korea.

The escalation provided an excuse for a selloff many investors consider overdue, some investors and analysts said.

Investor sentiment turned negative after North Korea said it was completing plans to fire four intermediate-range missiles over Japan to land near the US Pacific territory of Guam in an unusually detailed threat.

Read:Few investors are excited about stocks.

Soccer Saturday pundits provide their predictions for the new Premier League season
I want the team to be on a par with the club's history, which is something I've been lucky enough to feel at every club. He is made for the Premier League".

Wall Street got bathed in a sea of red Thursday amid mounting tensions between the USA and North Korea.

Still, the S&P 500 is on track to post its biggest weekly loss in about nine months. Both the Nasdaq and the Russell are set for their third straight weekly decline.

The rhetoric, which began late Tuesday and continued into Friday, interrupted stocks' march higher and cracked the calm that has enveloped the market for months.

The CBOE Volatility Index .VIX , a barometer of expected near-term stock market volatility, closed at its highest since the US presidential election on Thursday, but was down 1.22 points at 14.82 points on Friday.

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 index - which last week hit 22,000 for the first time - closed at 21,844. On the Nasdaq, 1,378 issues rose and 892 fell.

Morata's Goal Not Enough As 9-Man Blues Crash
Despite the dire performance, the majority of the 41, 616 fans still cheered head coach Antonio Conte's name from the stands. That was until Luiz sprinted onto Morata's pass and volleyed in to bring the nine men to within a goal of Burnley .

Macy's (M.N) shares closed down 10.2 percent and Kohl's (KSS.N) fell nearly 6 percent as the companies continued to report a drop in quarterly same-store sales, stoking concerns that their turnarounds may still be a long way off. The stock has more than doubled over the past 12 months, gaining more than 160%.

The U.S. equity market is hovering near record levels and volume has been tepid following the onset of summer. The Stoxx Europe 600 benchmark was down 1% (http://www.marketwatch.com/story/european-stocks-face-worst-week-in-9-months-on-us-north-korea-tensions-2017-08-11), while Hong Kong's Hang Seng led the Asian losses with a drop of 2%. Markets in greater China mirrored the slide in global equities. North Korea has since threatened to launch missiles at the USA territory of Guam, and the country previously threatened "all-out war, wiping out all the strongholds of enemies, including the US mainland".

Following the sell-off seen in the previous session, stocks may regain some ground in early trading on Friday. Shares of J.C. Penney dropped 78 cents, or 17%, to $3.93 Friday after the department store's second-quarter loss exceeded expectations.

Tensions between Washington and Pyongyang added to pressure from lower oil prices.

Mourinho impressed by Lukaku & Matic despite mistakes in Real Madrid loss
Matic was frustrated with the result but has called on United to turn their full focus to Sunday's league opener against West Ham.

Latest News