US stocks faded N. Korean headlines-led early gains, Nasdaq outperforms
Major US equity indices built on previous session's strong gains and opened with some gains on Tuesday, albeit struggled to sustain/build on the early up-move.
Encouraging geopolitical headlines from the Korean peninsula, wherein North Korea is willing to hold talks on denuclearization boosted investors' appetite for riskier assets - like equities.
Adding to this, worries over a potential global trade war seems to have eased a bit, especially after key Republicans such as House Speaker Paul Ryan pushed back against the US President Donald Trump's tariff plan, and remained supportive of the risk-on mood across global markets.
The bullish momentum quickly ran out of steam as investors seemed to refrain from placing aggressive bets and preferred to wait on the sidelines ahead of the keenly watched US monthly jobs report, popularly known as NFP, for some fresh directional impetus.
At the time of writing this report, the Dow Jones Industrial Average and the broader S&P 500 Index held near break-even levels, while tech-heavy Nasdaq Composite Index outperformed the markets and surged over 100-points to 7,362.