Wall Street Reels Under North Korea Tensions, Tepid Retail Earnings
(Reuters) - U. S. stocks fell sharply on Thursday, with the Dow slipping more than 100 points, as lackluster results from retailers Macy’s
and Kohl’s added to investor nervousness over escalating tensions between the United States and North Korea.
The threat followed U. S. President Donald Trump’s warning on Tuesday
that any threats by Pyongyang would be "met with fire and fury like the world has never seen".
Brad McMillan said that When you have a market like we have had this year,
and it has been amazingly calm, and you introduce a major source of uncertainty, there is bound to be some reaction,
North Korea said it was completing plans to fire four intermediate-range missiles over Japan
to land near the U. S. Pacific island territory of Guam in an unusually detailed threat.
McMillan said that Absent actual military action, I think the markets will realize
that the rhetoric got head of the actual policy and it is time to calm down a little bit,
