Investing.com - U.S. stock futures pointed to a higher open on Wall Street on Tuesday as tensions eased between the U.S. and North Korea.
The blue-chip Dow futures gained 54 points, or 0.25%, at 6:47AM ET (10:47GMT), the S&P 500 futures rose 4.5 points, or 0.19%, while the tech-heavy Nasdaq 100 futures traded up 14.2 points, or 0.23%.
The gains came after a higher close on Monday when the S&P 500 rose 1% for the first time in three months. The Dow ended 0.6% higher, while the Nasdaq Composite was up 1.3%.
Tensions between the two nations eased further on Tuesday as North Korea toned down its recent sharp rhetoric, saying it would watch what the U.S. does before making a decision on a threatened missile strike near Guam.
China also took steps to implement United Nation sanctions against the country after the U.S. accused it of not doing enough to rein in its neighbor.
Improved risk sentiment boosted the dollar, with the U.S. dollar index, which measures the greenback’s strength against a trade- weighted basket of six major currencies, rising 0.29% to 93.61.
In commodity markets, oil prices plumbed fresh three-week lows and gold also slid as the stronger dollar weighed.
Elsewhere, stocks in Asia were mostly higher at the close, while European markets pushed higher amid relief over easing geopolitical tensions.
Investors were looking ahead to U.S. retail sales figures for July, due out at 08.30 a.m. ET.
The U.S. import price index for July was also due at the same time, along with the Empire State manufacturing survey for August.
A report on the housing market was due from the National Association of Home Builders at 10:00 ET, as well as figures on business inventories for June.
In earnings news, shares in Home Depot (NYSE:HD) dipped in premarket trade after it reported a 9.5% increase in quarterly profits.