Wall Street in Red Over North Korea Concerns

- By Omar Venerio

U.S. stock market indexes opened in red due to new tensions with North Korea. The Dow Jones Industrial Average opened at 22,334.07 . The Standard & Poor's 500 opened at 2,497.26 and futures for the Nasdaq 100 index opened at 5,912.2. The dollar index is down 0.22% at 91.99, while the U.S. 10-year bond yields 2.254% and the German 10-year bond yields 0.46%.

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• KMX 15-Year Financial Data

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CarMax Inc. (KMX) opened more than 2.5% higher on the back of the company posting its financial results for the second quarter of its fiscal 2017. For the quarter, the company reported annual net sales increased 9.8% year over year to $4.39 billion, while EPS were 98 cents. Further, the company beat EPS expectations by three cents and revenue estimates of $4.26 billion.

Gainers

• Anadarko Petroleum Corp. (APC)

• SL Green Realty Corp. (SLG)

• Best Buy Co. Inc. (BBY)

• Coty Inc. (COTY)

• Allergan PLC (AGN)

Losers

• The Clorox Co. (CLX)

Global markets

The main European stock markets were mixed. The FTSE 100 and France's CAC 40 were up 0.64% and 0.30%. Germany's DAX and the IBEX 35 declined 0.02% and 0.03%.

In Asia, Japan's Nikkei 225, Hong Kong's Hang Seng Index, China's Shanghai Composite Index and India's BSE Sensex were down 0.25%, 0.82%, 0.16% and 1.38% respectively.

Disclosure: The author holds no positions in any stocks mentioned.

This article first appeared on GuruFocus.

• Warning! GuruFocus has detected 3 Warning Signs with FINL. Click here to check it out.

• KMX 15-Year Financial Data

• The intrinsic value of KMX

• Peter Lynch Chart of KMX