Investing.com – The Dow snapped a nine-day winning streak on Tuesday as geopolitical tensions grew after President Trump warned North Korea that any threats ‘will be met with fire and fury, sparking geopolitical jitters.
The Dow Jones Industrial Average closed lower at 22,085. The S&P 500 traded 0.24% lower while the Nasdaq Composite traded at 6370.46, down 0.21%.
President Donald Trump on Tuesday warned North Korea about facing "fire and fury" if the isolated nation makes more threats to the United States.
His comments came hours after revelations Kim Jong-un led nation has successfully created a miniaturized nuclear weapon designed to fit inside its missiles.
President Trump’s comments sparked geopolitical concerns, offsetting earlier gains in US markets, following data showing U.S. jobs openings topped expectations.
U.S. job openings, a measure of labor demand, increased 461,000 to a seasonally adjusted 6.2 million, the highest level since the series started in December 2000, the Labor Department said on Tuesday.
U.S. corporate earnings later in the week are expected to provide the market with further direction, as Macy’s kicks off the department store earnings on Thursday.
During the first quarter, Macy's (NYSE:M), Kohl's and other big department store chains posted disappointing earnings which saw Macy’s stock price tumble more than 14%.
‘Bulls and Bears’ on Wall Street
The top Dow gainers for the session: Apple Inc (NASDAQ:AAPL) up 0.8%, Walt Disney Company (NYSE:DIS) up 0.6% and Microsoft Corporation (NASDAQ:MSFT) up 0.5%
Merck & Company Inc (NYSE:MRK) down 0.8%, E I du Pont de Nemours & Co (NYSE:DD) down 0.8% and Nike Inc (NYSE:NKE) down 0.6%, were among the worst Dow performers of the session.