Futures on the S&P 500 Index fell as reports North Korea fired a missile toward Japan rekindled geopolitical concerns two weeks after the U.S. president warned that aggression would be swiftly answered.
September contracts dropped 0.6 percent as of 6:01 p.m. in New York. An exchange-traded fund tied to the equity benchmark, ticker SPY, lurched just after 5 p.m., losing about half a percent in five minutes, before futures opened with roughly the same loss. The missile probably landed off the eastern coast of Hokkaido, according to Japanese broadcasting service NHK
Source: Bloomberg Pro Terminal
Trader I. Ivanov
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