Updated from 12:38 p.m. ET, Friday, Aug. 11.
Stocks moved higher on Friday, Aug. 11, although the pain of a three-day selloff triggered by North Korea threats still lingered. The Dow Jones Industrial Average was up 0.22%, the S&P 500 gained 0.32%, and the Nasdaq added 0.77%.
Still, the main indexes have not yet recouped losses sustained over a three-day stretch of red ink earlier this week. The S&P 500 sank 1.7% from Tuesday to Thursday, the Dow fell 1.1%, and the Nasdaq dropped 2.4%. Those losses put the S&P 500 on track to close with a weekly decline of 1.4%, its worst such showing since the week ended March 24.
Global markets have been on edge since Tuesday, when President Trump warned North Korea of severe retribution should the authoritarian state proceed with any more missile tests or threats. Trump said that further threats would be met with "fire and fury like the world has never seen." He doubled down on those remarks on Thursday, suggesting that perhaps his rhetoric wasn't harsh enough. And in a Friday morning tweet, Trump wrote: "Military solutions are now fully in place, locked and loaded, should North Korea act unwisely. Hopefully Kim Jong-un will find another path!"
Trump's threats have escalated since reports broke at the beginning of the week that North Korea had successfully produced a nuclear warhead that could be fitted inside its missiles. The U.N. Security Council unanimously voted on Saturday, Aug. 5, to impose new sanctions on North Korea after Pyongyang conducted several missile tests. North Korea has since threatened to launch missiles at the U.S. territory of Guam, and the country previously threatened "all-out war, wiping out all the strongholds of enemies, including the U.S. mainland."