Markets in the United States experienced its biggest loss since May on its close on Thursday as persisting tensions between North Korea and the United States loom.
Earlier in the weak President Donald Trump warned North Korea that any threat made against the United States will be met with “fire and fury”, but North Korea shrugged off Donald Trump’s warnings saying that it is a “load of nonsense.”
Trump later on Thursday reiterated his remarks saying his previous statement may not have been tough enough.
The Dow Jones Industrial Average went down 204.69 points to end at 21,844.01, its biggest loss since May 17. Goldman Sachs is responsible to a majority of the losses.
The S&P 500 closed at 2,438.21, down 1.45 percent. This was the worst loss the S&P500 experienced since the month of May. For the first time in a month, the index went under its 50-day moving average.
The NASDAQ composite went down by 2.13 percent to 6,216.87 as the companies Apple, Alphabet, Amazon and Netflix trading lower.
The broadly-regarded best measurement for fears in the market, the CBOE Volatility Index, jumped to more than 40 percent to trade in its highest level since May at 15.98.