U.S. Stocks Drop, Volatility Jumps on Trump Threat: Markets Wrap
- Modest moves in Asia are replicated in Europe; oil pares gain
- Investors seek next catalyst; U.S. inflation is due Friday
UBS's Schnider Expects Gold Prices to Move Sideways
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U.S. stocks fell and a measure of equity volatility spiked higher after President Donald Trump delivered a warning to North Korea amid rising tensions between the nations. Treasuries slipped, while the yen strengthened.