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Wall Street opened higher amid easing tensions around North Korea

U.S. stock markets are growing confidently on Monday.

14.Aug.17 2:06 PM
By Daria Zaytseva


Wall Street opened higher amid easing tensions around North Korea
This is due to an improvement in investor sentiment amid a slight easing of tension around the Korean peninsula after high-ranking U.S. officials rejected fears about the inevitability of a war with the DPRK.

All 11 leading S & P sectors grew, with the financial sector leading to the market, which rose 1.42 %.

World stock markets lost nearly $ 1 trillion last week after U.S. President Donald Trump warned the DPRK that he would respond to the threat to America with "fire and fury," which led to an exchange of threats between Washington and Pyongyang.

However, on Sunday, U.S. officials, including National Security Adviser Herbert McMaster and CIA Director Mike Pompeo, dismissed the assumption that a verbal skirmish would outgrow the conflict. South Korean President Mun Zhe Ying called for restraining Pyongyang's nuclear ambitions peacefully.

By 17.21 GMT, the Dow Jones index added 0.65 % to 22.000.66 points, the S & P 500 index - 0.90 % to 2.463.18 points, the Nasdaq Composite index - 1.11 % to 6.325.84 points.

Oil prices are stable in the evening trading on Monday: the decline in the refining capacity in China, multiplied by the forecasts for the growth of shale production in the U.S., is holding back the further growth of the market.

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