Wall Street Preview: Investors Wait for Donald Trump to Respond to North Korea

U.S. stock futures were lower on Thursday, Aug. 10, and European stocks extended their declines amid continued jitters over the escalating military tensions between North Korea and the U.S.

Investors on Thursday, much like they did on Wednesday, Aug. 9, when U.S. stocks finished the session to the downside, were moving to safe-haven assets. Gold was trading at 1,284.80 an ounce, up 0.4%, while the dollar index, which measures the greenback's strength against a basket of six global currencies, gained 0.27% to 93.75.

• European Stocks Extend Declines, Wall Street Futures Slip Lower, as North Korea Concerns Linger

"Risk-averse sentiment is dominating global equities markets, and U.S. indices have retraced from record levels over the last two days. Although it is considered highly unlikely that this tension will escalate into a nuclear war, the market still needs to see how President Trump will eventually deal with his advocating 'fire and fury' against North Korea's threat," said Margaret Yang Yan, market analyst at CMC Markets Singapore.

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