Closing Bell: Trump-North Korea Take Down Dow's Win Streak; Michael Kors Leads S&P 500
The Dow Jones Industrial Average's record-breaking streak came to a swift end in the final hour after President Trump warned of severe retribution should North Korea make any more threats. Trump promised 'fire and fury' in retaliation. Apple Inc. (AAPL) - Get Report held the Dow higher for the bulk of the day. Apple stock has recovered from a sharp selloff beginning on June 9 and stretching through the month and early July. Michael Kors (KORS) led the retail sector higher after posting a narrower decline in earnings and same-store sales than analysts expected. Its stock was the best performer on the S&P 500. Ralph Lauren (RL) - Get Report was also a winner in the consumer space after swinging to a net profit from a year earlier. Adjusted earnings beat quarterly estimates, while a 13% decline in sales came in as anticipated.
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