USA stock futures sink as North Korea tensions shake markets

United Kingdom stocks headed sharply lower again on Friday, as the escalating tensions between the USA and North Korea rattled investors and helped drive a global selloff. U.S. President Donald Trump said on Thursday afternoon that his earlier warnings to North Korea may not have been tough enough.

The CBOE Volatility Index, a barometer of expected near-term stock market volatility, rose to a near three-month high of 15.49.

The Dow Jones Industrial Average fell 162.59 points, or 0.74 percent, to 21,886.11, the S&P 500 lost 30.54 points, or 1.23 percent, to 2,443.48 and the Nasdaq Composite dropped 116.67 points, or 1.84 percent, to 6,235.66.

Mounting tensions lifted U.S. defense stocks.

Winners and Losers: Live-events company Live Nation saw its stock climb more than five percent Thursday on news that concert ticket sales jumped 22 percent from a year ago.

Investors bought safe-haven assets such as gold, helping the precious metal touch a two-month high, and the Japanese Yen rose.


In the political sphere, investors will be keeping a close eye on the rising tensions between North Korea and the US on Wednesday. The share price of G4S, the world's largest security group, fell 5.38% amid its organic growth cooling down in emerging markets.

High-flying technology names suffered outsized losses on the day, with Apple falling 3.2 percent, Amazon 2.6 percent and Facebook 2.2 percent. The Nasdaq Composite dropped 40.64 points, or 0.64 percent, to 6,311.70.

In Europe, stocks were trading in the red in morning trade, while Asia markets finished trade in negative territory.

Earnings, likewise, are expected before the bell from retailer Office Depot (NASDAQ:ODP), drug maker Mylan (NASDAQ:MYL) and fast-food chain Wendy's (NASDAQ:WEN).

Disney shares closed down 3.9 percent as investors were skeptical of its plan to launch streaming services rather than rely on Netflix NFLX.O .

Shares of SeaWorld Entertainment Inc. slid 6.2 percent after the theme park operator reported second-quarter revenue that fell short of Wall Street's expectations. The consumer discretionary index plunged 0.47%. Britain's FTSE 100 added 0.1 percent.

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