U.S. stock benchmarks opened higher a third straight session Tuesday as tensions between the U.S. and North Korea appeared to recede and as a spate of economic reports came in better than expected. The Dow Jones Industrial Average advanced slightly 0.1% at 22,019, the S&P 500 index climbed 0.1% at 2,467, while the Nasdaq Composite Index gained about 0.1% at 6,346. Tensions between the two nations appeared to ease on Tuesday, with North Korean leader Kim Jong Un deciding not to launch a threatened missile attack on Guam, according to Pyongyang’s state media. Meanwhile, A gauge of New York-area manufacturing soared to 25.2, marking a three-year high in August, a reading on retail sales surged 0.6% in July, while readings for June were increased to 0.3% from 0.2%. Also, a report on import prices showed an increase of 0.1% in July. The combination of upbeat economic data and easing geopoltical tensions helped to underpin equities slight rise. In corporate news, Shares of Dick’s Sporting Goods Inc. plunged 17% early Tuesday after the retailer reported second-quarter earnings that missed estimates, and issued a profit warning.
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