Wall Street Preview: Investors Return to Riskier Assets Ahead of Trump's Press Conference
U.S. stock futures were higher on Monday, Aug. 14, following European market gains, as investors returned to riskier assets after a week of losses.
Last week, tensions escalated between North Korea and the U.S. after Trump warned of "fire and fury like the world has never seen" if North Korea continued to issue threats. North Korea then said it was assessing a potential missile attack on U.S. territory Guam.
Markets reacted poorly. The Dow Jones Industrial Average snapped a nine-day stretch of record closes, while the S&P 500 had its worst weekly loss since March 24. European indexes also sold off.
On Friday evening, Trump announced a planned press conference for Monday afternoon, though it is unclear whether North Korea will be discussed.
Geopolitical tensions could pressure markets further in the coming week if Trump's rhetoric continues to intensify as it has so far. On Friday morning, he tweeted that the U.S. military was "locked and loaded" in case of "unwise" actions by North Korea.
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