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U.S Futures Lower For Third Day as Geopolitical Risks, Profit-Taking Lingers

U.S Futures Lower For Third Day as Geopolitical Risks, Profit-Taking Lingers

Finance
Shutterstock photoU.S. stock futures were trading lower for a third straight day as geopolitical tensions between the U.S. and North Korea dampened investor's appetite for risk and overshadowed upbeat corporate earnings from Macy's ( M ), 21st Century Fox ( FOXA ) and Kohl's ( KSS ).Unnerved by Pyongyang's latest threat to fire ballistic missiles at a U.S. territory by the middle of August, global investors sold equity assets and rotated into safe-havens like the U.S. 10-year Treasury note, gold, the Japanese yen and Swiss franc. The rotation is being amplified by profit-taking in most sectors with the notable exception of defense stocks with shares of Lockheed Martin ( LMT ), Ratheon ( RTN ) and Northrup Grumman (NOC) set to open at record highs.A contraction in producer prices -- an...