Well, if red is your favorite color, then Thursday was the day for you on the nation’s stock markets.
Fueled by the latest heightening of tensions between the United States and North Korea, including President Donald Trump saying he might not have been “tough enough” regarding his statement about raining “fire and fury” down upon North Korea should it launch any attack against the U.S., investors wasted little time in selling off shares of pretty much everything they had Thursday.
And as a result, there was little in the way of anything positive to report by the time trading ended Thursday afternoon.
Just get a load of this…
Pandora Media shares fell 6.6 percent to close at $7.99; Advanced Micro Devices gave up 5.5 percent to fall to $12.12 a share; Nvidia fell by 4.3 percent to $164.74 a share; Netflix declined by almost 4 percent to close at $169.14; and Apple shares ended the day down by 3.2 percent, at $155.32.
If that wasn’t enough, Tesla, Facebook, Adobe Systems, Twitter, Hewlett Packard Enterprise and HP Inc. each saw their shares give up at least 2 percent on the day.
And with broad losses Thursday, it was no surprise at all that the nation’s most closely watched market gauges closed lower.
The tech-focused Nasdaq Composite Index fell 2.1 percent to 6,216.87, while the blue chip Dow Jones Industrial Average gave up almost 1 percent to end the day at 21,844.01, and the broad-based Standard & Poor’s 500 Index shed 1.5 percent to finish at 2,438.21.
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