collected by :Dicson Walt
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Stock market closes lower as financials slump, North Korea fires missiles
Financials, by far the biggest postelection gainer, fell 0.6%, while materials shares finished down 0.7%.
The downturn for stocks comes as North Korea tested four ballistic missiles off its east coast early Monday, Seoul time.
Other markets: European stock markets SXXP, -0.14% finished lower, led by losses for the German DAX index DAX, +0.11% as Deutsche Bank tumbled.
The Nasdaq Composite Index COMP, -0.37% finished down 21.58 points, or 0.4%, at 5,849.17, overcoming an earlier 43-point deficit.
Stocks have been on a tear of late, and last week the S&P 500 posted its biggest one-day advance since November.
Stock market books weekly gains as Yellen says March rate hike ‘likely appropriate
The central bank’s policy-setting Federal Open Market Committee is set to convene at its two-day meeting starting March 14.
Oil prices CLJ7, +0.60% rose, while gold GCJ7, -0.40% prices slid to finish the week with a 2.5% loss.
“A rate hike in March has already been largely priced in,” said Wouter Sturkenboom, senior investment strategist at Russell Investments.
The ICE Dollar Index DXY, +0.08% index, which tracks the currency against a basket of rivals, was lower.
That gives Snap a public market capitalization of $28.4 billion, making it more valuable than Twitter Inc. TWTR, -1.21% among others.