Futures Wobble After Trump-Kim Conference

U.S. stock index futures held steady ahead of Tuesday’s open after President Donald Trump and North Korea leader Kim Jong Un signed a historic agreement aimed at establishing a “peace regime” on the Korean peninsula and better relations between the two states.

Futures for the Dow Jones Industrials fell 18 points, or 0.1%, to 25,330

S&P 500 futures gave back 0.5 points to 2,786.25, while futures for the NASDAQ composite index shed 4.25 points, or 0.1%, to 7,191.75

H&R Block is among a list of companies declaring earnings Tuesday.

At the end of their meeting, the first ever between sitting leaders of the two nations, Trump and Kim signed a document enumerating goals for the two states.

Asked for specifics on what the agreement meant for North Korea’s nuclear program, Trump said. “We’re starting that process very quickly — very, very quickly.”

The president added that sanctions on Pyongyang will remain in place until “the menace of nuclear weapons” is gone.

Investors are also looking ahead to a meeting of the U.S.Federal Reserve, due to take place on Tuesday and Wednesday.

Fed Chair Jerome Powell and his colleagues are expected to announce a quarter-point increase in interest rates as the central bank seeks to normalize monetary policy with the economy showing signs of health.

In Japan, the Nikkei 225 gained 0.3% Tuesday, while in Hong Kong, the Hang Seng Index nicked higher 0.1%

Oil prices fell 10 cents to $66.00U.S. per barrel.

Gold prices retreated $3.50 to $1,299.70U.S. an ounce.

This article provided by NewsEdge.