Futures for the Dow Jones Industrial Average retreated Thursday evening in New York after Japan issued a temporary shelter-in-place alert following a North Korean ballistic missile firing, according to Japanese and South Korean news reports. Dow Jones Industrial Futures were down 41 points, or 0.2%, at 22,132, futures for the S&P 500 were off 0.3% at 2,487, while futures for the Nasdaq-100 were off 0.3%. The dip in futures trading comes after the the Dow closed at a record for a third session in a row in regular trading Thursday, while the broader market sagged on the back of weak retail shares. Gold futures , which tend to draw buyers during times of geopolitical distress, were up 0.6% at $1,336 an ounce in electronic trade. The latest missile firing from Pyongyang comes after it issued new threats, calling to “reduce the U.S. mainland into ashes” and saying Japan “should be sunken into the sea by the nuclear bomb.” Overall, the market’s reaction has been relatively muted given the threat of escalating tensions in the Korean Peninsula, which have previously been a source of market anxiety. Other assets perceived as havens were little changed, including the 10-year benchmark Treasury note , which was yielding 2.19% late Thursday in New York. Bond prices rise as yields fall.
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