NORTH KOREA: North Korea said Tuesday leader Kim Jong Un was briefed on his military’s plans to launch missiles into waters near Guam. But the comments also appeared to signal a path to defuse the deepening crisis with Washington, holding out the possibility that friction could ease if the U.S. made some gesture that Pyongyang considered a move to back away from previous “extremely dangerous reckless actions.”
WALL STREET: The S&P 500 jumped 24.52 points, or 1 percent, to 2,465.84. The Dow Jones industrial average gained 135.39 points, or 0.6 percent, to 21,993.71. The Nasdaq composite added 83.68 points, or 1.3 percent, to 6,340.23.
THE QUOTE: “The markets continue to recover from last week’s disorder as U.S. equities orchestrated a splendid showing recouping some of the sharp losses from last Friday, as investor confidence returns with the de-escalation of North Korea tension,” says Stephen Innes, head of trading for Asia at OANDA.
CURRENCIES: The dollar rose to 110.19 yen from 109.57 yen late Monday in Asia. The euro fell to $1.1784 from $1.1816.
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