Stocks opened mixed around the world Tuesday as investors tried to assess the first-ever meeting between a sitting U.S. president and North Korean leader.
Stock futures on the Dow Jones Industrial Average fell 25 points early Tuesday, while futures on the S&P 500 and tech-weighted Nasdaq also nudged slightly down.
Tuesday’s market activity follows the meeting between President Donald Trump and Kim Jong Un in Singapore, where the pair signed a joint agreement to denuclearize the Korean Peninsula.
Some analysts said, though, a lack of details about the pact limited the immediate market response. A greater impact is expected when the U.S. markets open Tuesday.
South Korean stocks dipped slightly, while Japan’s Nikkei and Hong Kong’s Hang Seng markets edged slightly higher amid the summit.
Later Tuesday, the Federal Reserve will begin its next two-day policy meeting. Some experts anticipate the Federal Open Market Commission will raise benchmark interest rates another quarter-percent.
By Susan McFarland