15.08.2017
The damage inflicted on world stocks this week by the escalating war of words over North Korea topped $1 trillion yesterday, as investors again took cover in the yen, the Swiss franc, gold and government bonds. The Standard & Poor's 500 index rose 7 points, or 0.3 percent, to 2,445 as of 10:59 a.m. However, the S&P Bank sub-sector fell 0.7 percent on dimming prospects of another rate hike this year since higher rates tend to boost bank profits.