US STOCKS-Wall St tumbles after N.Korea test, rate hike worry [Reuters]
Churchill Capital Corp V Class A (CCV)
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Source: Reuters
Traders work on the floor of the New York Stock Exchange (NYSE) shortly after the opening bell in New York, U.S., August 30, 2016. REUTERS/Lucas Jackson/File Photo By Chuck Mikolajczak | NEW YORK NEW YORK U.S. stocks dropped on Friday as investors were unnerved by a nuclear test by North Korea and comments by a U.S. Federal Reserve official that pointed towards an interest rate hike. North Korea conducted its fifth and biggest nuclear test on Friday and said it had mastered the ability to mount a warhead on a ballistic missile, drawing condemnation from the United States as well as China, Pyongyang's main ally. There was further pressure on the equity market after Boston Fed President Eric Rosengren, a historically dovish policymaker, said the Federal Reserve increasingly faced risks if it waited too much longer. He said a gradual policy ti
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