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00:00:01
>> The threat of thermonuclear war between the US and North Korea, having a mildly chilling effect on the stock market. US markets were up slightly on Friday, but overall for the week, down more than 1%. Reuters markets reporter Rodrigo Campos.>> People I talk to say that investors were looking for a reason to sell.
00:00:17
The reason came in a big way with this war of words between Washington and North Korea. Stocks in the US fell the most since March, for the week, both the Dow and the S&P. It was a sell off all over the globe.>> Even still, investors bought back in on Friday when stocks are relatively cheap, not wanting to miss out on a buying opportunity.
00:00:38
The S&P still near record levels.>> Outside of North Korea, you see a weakening trend in the dollar here. That is going to be likely good for US companies that have exposure outside of the United States, cuz that makes their sales over there translating to more dollars here.
00:00:58
Elsewhere in the market, shares of Snap dropping more than 10% hitting record lows after the company's quarterly report showed disappointing user growth. In a world of video story sharing, it claims 173 million users, compared to Instagram's 250 million. But a lot of the volatility in the stock has to do with this particular company, its founder and his approach to shareholders.
00:01:20
Reuters tech correspondent, Salvador Rodriguez, in San Francisco.>> Right now, the CEO Evan Spiegel's relationship with the market is really strained. When they went public, they didn't give shareholders votes. And since then, he hasn't provided as much communication or clarity as some other CEOs out there. And until he either delivers a better track record with the company's performance, or just opens a more broad channel of communication, we're probably gonna see their stock continue to get battered.
00:01:51
>> Shares of Snap ending at $11.83.