August 28, 2017 / 10:47 PM / 3 years ago

U.S. stock futures fall after North Korea missile report

Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., August 25, 2017. REUTERS/Brendan McDermid

NEW YORK (Reuters) - U.S. stock futures opened sharply lower on Monday for the overnight session after the Japanese and South Korean governments said North Korea had fired a missile that passed over northern Japan early on Tuesday. [L4N1LE5RK]

S&P 500 e-minis EScv1 were down 0.7 percent, Nasdaq 100 e-minis NQcv1 were down 0.8 percent and Dow e-minis 1YMcv1 were down 0.6 percent.

“The market is sensitive to this (North Korea),” said Michael Purves, chief global strategist at Weeden & Co, who said the concern was that the situation would go “on and on”.

The S&P 500 and Dow had earlier ended little changed, with energy and bank shares lower as Tropical Storm Harvey crippled the U.S. energy hub in Texas, while tech and healthcare gave a light boost to the Nasdaq.

Reporting by Megan Davies; Editing by James Dalgleish

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