A sharp selloff in technology stocks dragged down the Nasdaq by more than 1 percent on Monday, with North Korea's latest warnings to Washington adding to the downbeat mood. North Korea's foreign minister said President Donald Trump had declared war on the country and that it reserves the right to take countermeasures, including shooting down U.S. bombers even if they are not in its airspace.
Stocks are sinking today as Fed fears, North Kora tensions and a drop in Apple (AAPL) combine to sink the market. The S&P 500 has declined 0.3% to 2,494.56 at 12:52 p.m. today, while the Dow Jones Industrial Average has fallen 77.08 points, or 0.3%, to 22,272.51. The Nasdaq Composite has dropped 1% to 6,365.56.
Markets closed slightly higher on Friday after healthcare stocks surged after Senator McCain decided not to support the repealing of the Affordable Care Act.