U.S. Stock Futures Dip After News on Health of North Korea’s Kim [Yahoo! Finance News]
Chevron Corporation (CVX)
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Source: Yahoo! Finance News
) -- U.S. stock index futures dropped after reports that North Korea’s Kim Jong Un underwent a medical procedure.Contracts on the S&P 500 slid as much as 1.2%, before paring their loss to 0.6% as of 12:22 p.m. in Tokyo. Futures dropped 0.5% on the Nasdaq 100 Index and 0.7% on the Dow Jones Industrial Average.The U.S. has information that Kim was in a critical situation after cardiovascular surgery last week, an official said. South Korean media reports suggested that Kim was recovering.North Korean “succession risk is causing global equity markets to buckle,” Stephen Innes, chief global market strategist at AxiCorp, wrote in a research note. “But as we’ve seen countless times before a rise in geopolitical risk in the Korean Gulf is usually a faders paradise.”The underlying S&P 500 halted a two-day gain on Monday and the Dow Jones Industrial Average fell more than 2%. Chevron Corp. and Exxon Mobil Corp. led losses in the blue-chip index as West Texas oil futures expiring Tuesday turned
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CVX
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- CVX's page on the SEC website