Stocks, Dollar Decline Amid Korean Tensions, Jobs: Markets Wrap
- Russia news agency reports North may test missile on weekend
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A flareup of tension on the Korean peninsula damped demand for risk assets ahead of the weekend, offsetting fresh signs of strength in the world’s largest economy.
The S&P 500 Index halted an eight-day rally, paring a weekly gain to 1.2 percent. The yen rose versus the dollar on speculation North Korea may test a missile at the same time the U.S. president ratcheted up rhetoric against the rogue nation. Gold turned higher.