U.S. stocks closed lower for the third day in a row Thursday, led by declines in technology companies and banks, two of the highest-performing sectors over the last year.
Simmering tensions between the U.S. and North Korea continued to rattle investors, driving the VIX, a measure of how much volatility investors expect, to its highest level since May.
The Standard & Poor’s 500 index lost 35.81 points, or 1.4 per cent, to 2,438.21.
The Dow Jones industrial average fell 204.69 points, or 0.9 per cent, to 21,844.01.
The Nasdaq composite slumped 135.46 points, or 2.1 per cent, to 6,216.87.
The Russell 2000 index of smaller companies gave up 24.40 points, or 1.7 per cent, to 1,372.54.
For the week:
The S&P 500 is down 38.62 points, or 1.6 per cent.
The Dow is down 248.80 points, or 1.1 per cent.
The Nasdaq is down 134.69 points, or 2.1 per cent.
The Russell 2000 is down 39.78 points, or 2.8 per cent.
For the year:
The S&P 500 is up 199.38 points, or 8.9 per cent.
The Dow is up 2,081.41 points, or 10.5 per cent.
The Nasdaq is up 833.75 points, or 15.5 per cent.
The Russell 2000 is up 15.41 points, or 1.1 per cent.
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