Wall Street climbs as North Korea tension eases, S&P tops with 1.12% rise

Wall Street opened higher on Monday, with broad gains across sectors, as investor sentiment was lifted by easing tensions in the Korean peninsula after key US officials played down the risk of an imminent war with North Korea. All the 11 major S&P sectors were higher, with S&P financial's 1.

12 per cent rise leading the gainers. Global stocks lost nearly $1 trillion last week after President Donald Trump warned North Korea that it would face "fire and fury" if it threatened the United States, leading to a war of words.

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