The daily business briefing: August 10, 2017

North Korea tensions continue to drag down stocks, Tesla works on autonomous electric trucks that can travel in packs, and more 

The Tesla logo at the Geneva Motor Show
(Image credit: Harold Cunningham/Getty Images)

1. North Korea tensions continue to weigh on stocks

U.S. stock futures pointed to early losses on Thursday as rising tensions between the U.S. and North Korea continued to drag down global markets. Adding to Wednesday's modest losses, Dow Jones Industrial Average futures dropped by 0.3 percent, S&P 500 futures fell by 0.4 percent, and Nasdaq-100 futures sank by 0.6 percent. "Traders would require nerves of steel to start buying into the stock market now, given standoff between the U.S. and North Korea," said David Madden, market analyst at CMC Markets U.K., in a note to clients. European stocks also fell on Thursday as two days of uncertainty continued with North Korea defying U.S. warnings and unveiling a plan to fire missiles into waters near the tiny Pacific island of Guam, a U.S. territory with a military base.

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Harold Maass, The Week US

Harold Maass is a contributing editor at The Week. He has been writing for The Week since the 2001 debut of the U.S. print edition and served as editor of TheWeek.com when it launched in 2008. Harold started his career as a newspaper reporter in South Florida and Haiti. He has previously worked for a variety of news outlets, including The Miami Herald, ABC News and Fox News, and for several years wrote a daily roundup of financial news for The Week and Yahoo Finance.