{"id":12657,"date":"2017-08-11T12:55:06","date_gmt":"2017-08-11T20:55:06","guid":{"rendered":"http:\/\/associatednews.info\/content\/north-korea-has-markets-nervous-but-not-panicked\/"},"modified":"2017-08-11T12:55:06","modified_gmt":"2017-08-11T20:55:06","slug":"north-korea-has-markets-nervous-but-not-panicked","status":"publish","type":"post","link":"https:\/\/associatednews.info\/content\/north-korea-has-markets-nervous-but-not-panicked\/","title":{"rendered":"North Korea Has Markets Nervous But Not Panicked"},"content":{"rendered":"<p><span style=\"font-style:italic;font-size:16px\">By  <a target=\"_blank\" href=\"http:\/\/www.npr.org\/2017\/08\/11\/542856313\/north-korea-has-markets-nervous-but-not-panicked?utm_medium=RSS&amp;utm_campaign=business\">John Ydstie<\/a><\/span>  <\/p>\n<div class=\"ftpimagefix\" style=\"float:left\"><a target=\"_blank\" rel=\"nofollow\" href=\"http:\/\/www.npr.org\/2017\/08\/11\/542856313\/north-korea-has-markets-nervous-but-not-panicked?utm_medium=RSS&amp;utm_campaign=business\"><img decoding=\"async\" width=\"150\" src=\"https:\/\/media.npr.org\/assets\/img\/2017\/08\/11\/gettyimages-830133572-63eeea4de6b197713e6ba22a61047c0a9dd423c1-s1100-c15.jpg\" alt=\"\"><\/a><\/div>\n<div>\n<div>\n<div><a target=\"_blank\" rel=\"nofollow\" href=\"https:\/\/media.npr.org\/assets\/img\/2017\/08\/11\/gettyimages-830133572-63eeea4de6b197713e6ba22a61047c0a9dd423c1-s1200.jpg\">Enlarge this image<\/a><\/div>\n<\/div>\n<div>\n<div>\n<div>\n<p>\n                Traders and financial professionals work the floor of the New York Stock Exchange ahead of the opening bell on Friday.<\/p>\n<p>                <b><\/p>\n<p>                    Drew Angerer\/Getty Images<\/p>\n<p>                <\/b><b><b>hide caption<\/b><\/b><\/p>\n<\/div>\n<p><b><b>toggle caption<\/b><\/b><\/div>\n<p><span><\/p>\n<p>        Drew Angerer\/Getty Images<\/p>\n<p>    <\/span><\/div>\n<\/div>\n<p>Global stock markets ended their worst week in months amid rising tensions between the U.S. and North Korea, though U.S. stock indexes steadied on Friday to close up slightly. <\/p>\n<p>Nervous investors drove shares lower earlier in the week, after President Trump declared Tuesday that the U.S. would react with <a target=\"_blank\" rel=\"nofollow\" href=\"http:\/\/www.npr.org\/sections\/thetwo-way\/2017\/08\/08\/542299360\/trump-says-u-s-will-meet-north-korean-threats-with-fire-and-fury\">&#8220;fire and fury<\/a>&#8221; to further nuclear provocations from North Korea. North Korea responded with threats to launch missiles into the Pacific Ocean near Guam, a U.S. territory.<\/p>\n<p>Amid the hot rhetoric, U.S. stocks sold off sharply on Thursday, with the S&amp;P 500 falling more than 1 percent. By the end of the day nearly $1 trillion in equity had been lost globally. Asian and European stocks continued the sharp decline Friday. <\/p>\n<p>But U.S. stocks regained some lost ground, despite Trump&#8217;s comments Friday that U.S. weapons are <a target=\"_blank\" rel=\"nofollow\" href=\"http:\/\/www.npr.org\/sections\/thetwo-way\/2017\/08\/11\/542785116\/trump-says-u-s-military-is-locked-and-loaded-to-deal-with-north-korea\">&#8220;locked and loaded,&#8221;<\/a> ready to respond if North Korea acts &#8220;unwisely.&#8221; <\/p>\n<aside>\n<div><\/div>\n<\/aside>\n<aside>\n<div><\/div>\n<\/aside>\n<p><!-- END ID=\"RES542879410\" CLASS=\"BUCKETWRAP INTERNALLINK INSETTWOCOLUMN INSET2COL \" --><\/p>\n<p> The Dow Jones industrial average closed up 14 points, a gain of 0.07 percent, the Nasdaq composite rose nearly 40 points or 0.64 percent and the S&amp;P 500 gained 3 points or 0.13 percent. But for the week the S&amp;P 500 lost 1.3 percent, its worst weekly showing since March. <\/p>\n<p>The North Korea situation isn&#8217;t the only thing weighing on stocks. Major U.S. indices had posted <a target=\"_blank\" rel=\"nofollow\" href=\"http:\/\/www.npr.org\/sections\/thetwo-way\/2017\/08\/02\/541114551\/dow-hits-22-000\">record highs<\/a> in recent weeks. Those highs were supported by strong corporate earnings, but lofty market valuations and a prolonged period without a significant market pullback had some analysts predicting a sell-off. <\/p>\n<p><!-- END ID=\"RES542879963\" CLASS=\"BUCKETWRAP INTERNALLINK MEDIAPROMO PRIMARY\" --><\/p>\n<p>While stocks have declined this week, the sell-off has not been dramatic. BNY Mellon FX strategist Neil Mellor <a target=\"_blank\" rel=\"nofollow\" href=\"http:\/\/www.reuters.com\/article\/global-markets-idUSL5N1KX38L\">told Reuters<\/a> that in recent years,  &#8220;the market hasn&#8217;t really reacted to things on the Korean Peninsula&#8221; because in the past &#8220;it [has been] largely North Korean sabre-rattling.&#8221; But Mellor notes the rhetoric has reached a &#8220;different level.&#8221;<\/p>\n<p>The Wells Fargo Investment Institute describes the market response, so far, as &#8220;tepid.&#8221; In a note to investors, Paul Christopher, head global market strategist, and Tracie McMillion, head of global asset allocation, suggest, &#8220;the threat of a nuclear weapon is certainly more serious than previous threats, but that threat also may increase the probability of a diplomatic solution.&#8221; They suggest the U.S. and China, a North Korean ally, could work together to de-escalate the situation.<\/p>\n<p>So far the measured decline in global stocks suggests investors buy that scenario.<\/p>\n<p><strong><a target=\"_blank\" rel=\"nofollow\" href=\"https:\/\/blockads.fivefilters.org\/\">Let&#8217;s block ads!<\/a><\/strong> <a target=\"_blank\" rel=\"nofollow\" href=\"https:\/\/blockads.fivefilters.org\/acceptable.html\">(Why?)<\/a><\/p>\n<p>Source:: <a href=\"http:\/\/www.npr.org\/2017\/08\/11\/542856313\/north-korea-has-markets-nervous-but-not-panicked?utm_medium=RSS&amp;utm_campaign=business\" target=\"_blank\" title=\"North Korea Has Markets Nervous But Not Panicked\" rel=\"nofollow\">http:\/\/www.npr.org\/2017\/08\/11\/542856313\/north-korea-has-markets-nervous-but-not-panicked?utm_medium=RSS&amp;utm_campaign=business<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<div class=\"ftpimagefix\" style=\"float:left\"><a target=\"_blank\" rel=\"nofollow\" href=\"http:\/\/www.npr.org\/2017\/08\/11\/542856313\/north-korea-has-markets-nervous-but-not-panicked?utm_medium=RSS&amp;utm_campaign=business\"><img decoding=\"async\" width=\"150\" src=\"https:\/\/media.npr.org\/assets\/img\/2017\/08\/11\/gettyimages-830133572-63eeea4de6b197713e6ba22a61047c0a9dd423c1-s1100-c15.jpg\" alt=\"\"><\/a><\/div>\n<div>\n<div>\n<div><a target=\"_blank\" rel=\"nofollow\" href=\"https:\/\/media.npr.org\/assets\/img\/2017\/08\/11\/gettyimages-830133572-63eeea4de6b197713e6ba22a61047c0a9dd423c1-s1200.jpg\">Enlarge this image<\/a><\/div>\n<\/div>\n<div>\n<div>\n<div>\n<p>\n                Traders and financial professionals work the floor of the New York Stock Exchange ahead of the opening bell on Friday.<\/p>\n<p>                <b><\/p>\n<p>                    Drew Angerer\/Getty Images<\/p>\n<p>                <\/b><b><b>hide caption<\/b><\/b><\/p>\n<\/div>\n<p><b><b>toggle caption<\/b><\/b><\/div>\n<p><span><\/p>\n<p>        Drew Angerer\/Getty Images<\/p>\n<p>    <\/span><\/div>\n<\/div>\n<p>Global stock markets ended their worst week in months amid rising tensions between the U.S. and North Korea, though U.S. stock indexes steadied on Friday to close up slightly. <\/p>\n<p>Nervous investors drove shares lower earlier in the week, after President Trump declared Tuesday that the U.S. would react with <a target=\"_blank\" rel=\"nofollow\" href=\"http:\/\/www.npr.org\/sections\/thetwo-way\/2017\/08\/08\/542299360\/trump-says-u-s-will-meet-north-korean-threats-with-fire-and-fury\">&#8220;fire and fury<\/a>&#8221; to further nuclear provocations from North Korea. North Korea responded with threats to launch missiles into the Pacific Ocean near Guam, a U.S. territory.<\/p>\n<p>Amid the hot rhetoric, U.S. stocks sold off sharply on Thursday, with the S&amp;P 500 falling more than 1 percent. By the end of the day nearly $1 trillion in equity had been lost globally. Asian and European stocks continued the sharp decline Friday. <\/p>\n<p>But U.S. stocks regained some lost ground, despite Trump&#8217;s comments Friday that U.S. weapons are <a target=\"_blank\" rel=\"nofollow\" href=\"http:\/\/www.npr.org\/sections\/thetwo-way\/2017\/08\/11\/542785116\/trump-says-u-s-military-is-locked-and-loaded-to-deal-with-north-korea\">&#8220;locked and loaded,&#8221;<\/a> ready to respond if North Korea acts &#8220;unwisely.&#8221; <\/p>\n<aside>\n<div><\/div>\n<\/aside>\n<aside>\n<div><\/div>\n<\/aside>\n<p><!-- END ID=\"RES542879410\" CLASS=\"BUCKETWRAP INTERNALLINK INSETTWOCOLUMN INSET2COL \" --><\/p>\n<p> The Dow Jones industrial average closed up 14 points, a gain of 0.07 percent, the Nasdaq composite rose nearly 40 points or 0.64 percent and the S&amp;P 500 gained 3 points or 0.13 percent. But for the week the S&amp;P 500 lost 1.3 percent, its worst weekly showing since March. <\/p>\n<p>The North Korea situation isn&#8217;t the only thing weighing on stocks. Major U.S. indices had posted <a target=\"_blank\" rel=\"nofollow\" href=\"http:\/\/www.npr.org\/sections\/thetwo-way\/2017\/08\/02\/541114551\/dow-hits-22-000\">record highs<\/a> in recent weeks. Those highs were supported by strong corporate earnings, but lofty market valuations and a prolonged period without a significant market pullback had some analysts predicting a sell-off. <\/p>\n<p><!-- END ID=\"RES542879963\" CLASS=\"BUCKETWRAP INTERNALLINK MEDIAPROMO PRIMARY\" --><\/p>\n<p>While stocks have declined this week, the sell-off has not been dramatic. BNY Mellon FX strategist Neil Mellor <a target=\"_blank\" rel=\"nofollow\" href=\"http:\/\/www.reuters.com\/article\/global-markets-idUSL5N1KX38L\">told Reuters<\/a> that in recent years,  &#8220;the market hasn&#8217;t really reacted to things on the Korean Peninsula&#8221; because in the past &#8220;it [has been] largely North Korean sabre-rattling.&#8221; But Mellor notes the rhetoric has reached a &#8220;different level.&#8221;<\/p>\n<p>The Wells Fargo Investment Institute describes the market response, so far, as &#8220;tepid.&#8221; In a note to investors, Paul Christopher, head global market strategist, and Tracie McMillion, head of global asset allocation, suggest, &#8220;the threat of a nuclear weapon is certainly more serious than previous threats, but that threat also may increase the probability of a diplomatic solution.&#8221; They suggest the U.S. and China, a North Korean ally, could work together to de-escalate the situation.<\/p>\n<p>So far the measured decline in global stocks suggests investors buy that scenario.<\/p>\n<p><strong><a target=\"_blank\" rel=\"nofollow\" href=\"https:\/\/blockads.fivefilters.org\/\">Let&#8217;s block ads!<\/a><\/strong> <a target=\"_blank\" rel=\"nofollow\" href=\"https:\/\/blockads.fivefilters.org\/acceptable.html\">(Why?)<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19],"tags":[],"class_list":["post-12657","post","type-post","status-publish","format-standard","hentry","category-business-2"],"_links":{"self":[{"href":"https:\/\/associatednews.info\/content\/wp-json\/wp\/v2\/posts\/12657","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/associatednews.info\/content\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/associatednews.info\/content\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/associatednews.info\/content\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/associatednews.info\/content\/wp-json\/wp\/v2\/comments?post=12657"}],"version-history":[{"count":0,"href":"https:\/\/associatednews.info\/content\/wp-json\/wp\/v2\/posts\/12657\/revisions"}],"wp:attachment":[{"href":"https:\/\/associatednews.info\/content\/wp-json\/wp\/v2\/media?parent=12657"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/associatednews.info\/content\/wp-json\/wp\/v2\/categories?post=12657"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/associatednews.info\/content\/wp-json\/wp\/v2\/tags?post=12657"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}