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US-North Korea war of words can derail Wall Street stock rally

Amid growing tensions, investors hope that the selling will not escalate to a correction

Reuters  |  New York 

Cracks are showing in what has been a virtually non-stop U.S. equity rally after a rapid escalation of tension between North Korea and the United States this week. Market analysts expect that the pullback in stocks due to the increasingly aggressive tone in exchanges between Washington and Pyongyang will continue, although investors hope that the selling will not escalate to a correction - a decline of 10 per cent or more. The benchmark S&P 500 index tumbled more than 1 per cent on Thursday, only the third time this year it has fallen that much, while the Nasdaq shed more than 2 ...

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First Published: Fri, August 11 2017. 09:00 IST
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