Wall Street’s fear index jumped almost 1.5 points after President Donald Trump’s stern warning North Korea would be smart to stop threatening the United States.
The Chicago Board Options Exchange Volatility Index was at just over 10 before Trump’s remarks were played on cable news networks. The index then shot up to 11.37 between 3:10 p.m. and 3:36 p.m. ET. It ended the day at around 11, a daily gain of about 1.2.
The stock market overall took a hit, as the Down Jones Industrial Average dropped 60 points before ending the day down 32.75 points. It had recorded gains the past 10 days, CNBC reported.
The S&P 500 (-5.99) and NASDAQ (-13.31) also recorded losses for the day.
Trump said Tuesday afternoon that North Korea needs to stop with the threats or seemingly face military action.
“North Korea best not make any more threats to the U.S.,” Trump said.