Wall Street closes slightly higher amid N.Korea crisis

Markets 8/11/2017, 10:05 PM
Wall Street closes slightly higher amid N.Korea crisis

Stock markets in the United States finished the last trading session of the week slightly higher as investors reacted positively to the US Consumer Price Index report issued by the US Bureau of Labor Statistics earlier today, which revealed the US inflation inched up 0.1% in July. Meanwhile, the North Korean standoff is gaining momentum, with President Trump stating earlier today that military solutions for Pyongyang are "locked and loaded." 

The Dow Jones reported a modest rise of 0.07% to close higher, with tech companies leading the gains. The Nasdaq 100 inched up 0.75% even though Nvidia dived more than 5% in spite of better-than-expected results posted on Thursday. The S&P 500 was also pushed down by Nvidia, but still added 0.13% to finish the session higher, with TripAdvisor the best performer.

The euro added 0.45% against the dollar to go for $1.1824 at 10:02 pm CET. Meanwhile, the pound gained 0.29% against the greenback to sell for $1.3014 at 10:03 pm CET.


TeleTrader Newsroom / FH


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