Wall Street Preview: Geopolitical Tensions Ease
U.S. stock futures continued to rise on Tuesday, Aug. 15, as tensions between the U.S. and North Korea appeared to ease.
North Korean leader Kim Jong-un has opted to freeze his planned attack on Guam, instead waiting for signs the U.S. is ready to "ease tensions," according to a state news service. The authoritarian nation had threatened U.S. territory Guam last week in retaliation to increasingly aggressive language from President Donald Trump.
In comments throughout last week, Trump promised "fire and fury" should North Korea continue to issue threats. On Friday morning, he tweeted that the U.S. military was "locked and loaded" in case of "unwise" actions by North Korea.
However, markets managed to shake off worries on Monday, Aug. 14, to post their best day in months. The S&P 500 gained 1% and the Nasdaq added 1.3%. It was the S&P 500's best day since a 1.08% increase on April 24 and the third best daily increase of the year.
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