Dow, S&P 500 trade flat as stock market wrestles with North Korea’s hydrogen-bomb threat

U.S. stock benchmarks saw muted trade on Friday as geopolitical tensions re-emerged after North Korea threatened to test a hydrogen bomb over the Pacific Ocean this weekend. The Dow Jones Industrial Average fell 3 points, or less than 0.1%, at 22,356, the S&P 500 index slipped less than a point at 2,500, while the Nasdaq Composite Index was little changed at 6,420. North Korea’s foreign minister Ri Yong Ho said late Thursday at a United Nations meeting that his country might consider a nuclear bomb of “unprecedented scale” in the Pacific. For the week, the Dow is set to post a gain of 0.4%, the Nasdaq is aiming for a gain of 1.8%, while the S&P 500 is looking at a decline of 0.1%. In corporate news, shares of Sprint Corp. and T-Mobile US Inc. were active on reports that a merger announcement between the two was imminent. And Apple Inc. was on track to have its worst weekly decline on the same week of a new iPhone release ever.

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From:: Stock Market News

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