Wall Street Preview: Dollar, Oil and Tech in Focus

U.S. stock futures were rising on Wednesday, Aug. 30, and shares in Europe and Asia traded higher as tensions eased a day after North Korea launched a missile that traveled over Japan.

"Markets have made the judgment that the post-missile test reactions of the U.S., the U.N. and North Korea do not warrant a move to full 'risk off' mode in stock markets at this stage," said Ric Spooner, chief market analyst at CMC Markets, in a commentary.

The U.S. dollar, which hit a two-and-a-half year low on Tuesday, Aug. 29, was rising with the dollar index up 0.15% to 92.47.

U.S. stocks on Tuesday rose as investors brushed aside the threat of a conflict with North Korea. The Dow Jones Industrial Average gained 0.26%, the S&P 500 added 0.08% and the Nasdaq increased 0.3%.

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