N. Korea drama is drag on Dow

The Washington Post Sunday - - MARKETS - — Bloomberg News

U.S. eq­uity traders grown ac­cus­tomed to docile mar­kets were shaken awake as ten­sion over North Korea es­ca­lated, send­ing the S&P 500 to the largest weekly drop since March.

Over the five days, the S&P 500 dropped 1.43 per­cent, one ba­sis point shy of the year’s big­gest weekly drop, posted in March. The Dow Jones in­dus­trial av­er­age de­clined 234.49 points to 21,858.32.

The tech-heavy Nasdaq com­pos­ite in­dex ended the week 1.5 per­cent lower at 6,256.56, in­clud­ing a 2.1 per­cent plunge Thurs­day, as Pres­i­dent Trump de­liv­ered a warn­ing to North Korean leader Kim Jong Un that the United States would re­spond to any fur­ther ag­gres­sion.

As is of­ten the case, Wall Street was treated to volatil­ity in Au­gust, the stock mar­ket’s most tur­bu­lent month.

“Any­time I get phone calls from peo­ple I don’t hear about 90 per­cent of the time — high-grade bond traders, peo­ple from the re­tail side — I know some­thing’s go­ing on,” said Amy Wu Sil­ver­man, manag­ing di­rec­tor and eq­uity de­riv­a­tives strate­gist at RBC Cap­i­tal Mar­kets. “This is what’s been hap­pen­ing.”

The trea­sury will sell $39 bil­lion of three­month bills and $33 bil­lion in six-month bills Mon­day. They yielded 1.05 per­cent and 1.14 per­cent in when-is­sued trad­ing. It will also sell four-week bills and $20 bil­lion in 52-week bills Tues­day.

Ed­i­tor’s note: Our weekly com­pos­ite stock list­ing in­cludes com­pa­nies based in Wash­ing­ton or with a strong pres­ence here. The rest of the ta­ble shows firms as ranked by mar­ket cap­i­tal­iza­tion. And we’ve added year-to-date data be­cause read­ers told us it would be use­ful.

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