Markets plummet over North Korean nuclear test

Global concerns over North Korea's latest nuclear test sent the markets into a tailspin with the Dow collapsing 262 points to 18,217. Nasdaq plummeted 93 points to 5,165.


A Volkswagen engineer became the first employee to plead guilty to conspiracy to defraud U.S. regulators and Volkswagen customers. The engineer has agreed to cooperate with investigators in exchange for a potentially lighter sentence. He may be imprisoned for up to five years and may pay fines of up to $250,000.


Uber has reconsidered an earlier decision to withdraw its service from Macau. The Macau government alleges that the ride hailing service violates local laws and has fined drivers approximately $1.25 million. Uber cited overwhelming support for its service from residents for its decision to continue operations in Macau.


General Motors will recall approximately 4.3 million vehicles to correct an air bag deployment software defect. The sensing and diagnostic module that controls air bag deployment during a crash may not activate the frontal air bags in certain situations. The global recall affects cars, trucks and SUVx from 2014 to 2017 model years.


In the broad market, declining issues outpaced advancers by a margin of more than 13 to 1 on the NYSE and by nearly 6 to 1 on Nasdaq. The broader S&P 500 plummeted 35 points to 2,145. Bitcoin lost $2 to $620.

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