Markets tumble over escalating tensions with North Korea

Escalating tensions with North Korea sent the markets down to a lower open with the Dow tumbling 75 points to 21,912. Nasdaq fell 21 points to 6,414.


On the upside


Zacks Investment Research upgraded Gerdau (NYSE: GGB) from a Hold rating to a Buy rating.


Bank of America/Merrill Lynch upgraded U.S. Steel (NYSE: X) from a Neutral rating to a Buy rating.


Hosking Partners increased its stake in Seagate Technology (Nasdaq: STX) by approximately 1.6%.

On the downside


Stone Fox Capital noted that Nutanix (Nasdaq: NTNX) has yet to become profitable.


Investors locked in profits on Teck Resources (NYSE: TECK).

United Technologies (NYSE: UTX) will pay a premium of approximately $23 billion to acquire Rockwell Collins (NYSE: COL).


The broader S&P 500 lost 6 points to 2,470. Bitcoin plunged $82 to $4,303.


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