Wall Street Preview: International Tensions Continue to Spike
U.S. stock futures were lower again on Friday, Aug. 11, as international tensions continued to spike on North Korea and President Donald Trump's exchange of barbs. This will mark Wall Street's fourth day in a row and the Dow Jones Industrial Average's further retreat from a record-making stretch at the beginning of the week that extended nine days.
Global markets have been on edge for the bulk of the week after 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 was not harsh enough.
- Snap Still Isn't Selling Very Many of Its $130 Spectacles
- Snap's Earnings Show That Facebook Is Inflicting Multiple Kinds of Pain
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 to impose new sanctions on North Korea after several missile tests.
Watch More with TheStreet:
