US STOCKS TICK HIGHER: Here's what you need to know

The theme for the second half of this week in markets has been rising tensions between the US and North Korea. Those geopolitical tensions sent markets lower on Wednesday and Thursday, breaking a long streak of gains.

Friday was a bit different, as most markets rose. Investors’ uncertainty, measured by the VIX volatility index, is still at higher levels not seen since the election, but stock markets are back to positive returns.

The S&P 500 has closed within 0.30% of its opening level in 16 of the last 17 days of trading. The index closed 0.09% higher on Friday. The Dow closed up 0.05% and the Nasdaq was up 0.64%.

First up, the scoreboard:

Top Stories

  1. Stock market fear is erupting as North Korea tensions mount. The VIX is a measure of volatility, and it has been rising like crazy recently.
  2. Jeff Gundlach’s ‘free money’ trade is already paying off. The notable investor bet on the VIX index and totally nailed the call.
  3. Henry Blodget says technology may destroy jobs, but it also creates them. The economy is pretty good at adapting, so robots may not be sitting at your desk anytime soon.

  4. We did the maths to see if it’s worth buying a ticket for the $US393 million Mega Millions jackpot. When you factor in taxes, it might not make much sense to buy a ticket.
  5. Two of the biggest chip makers have very different views on cryptocurrencies. Nvidia and AMD both have seen a boost from the red-hot currencies, but disagree on how to deal with the growth.

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Get the latest Tesla stock price here.

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