Stocks are falling, while safer assets are rising after North Korea threatened to test a hydrogen bomb in the Pacific Ocean. Are investors pricing in North Korean risk properly? Are they too complacent?
The Dow was weighed down by a 2.5 percent drop in the shares of UnitedHealth but was supported by a 0.90 percent rise in Boeing and Chevron. Apple fell 1.44 percent, weighing the most on the S&P and the Nasdaq, as the launch of iPhone 8 kicked off in a less lively mood in Asia versus previous debuts. Investor sentiment suffered from concerns over simmering tensions between North Korea and the United States, after the two countries exchanged threats.