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Easing tensions and steady economic data helped equities pare loses from the saber rattling.
Political risks, though, kept gains at bay. Talks of a change up among President Donald Trump’s advisors kept markets on edge amid questions in how the president handled the violence in a Virginia demonstration.
Traders also looked to the annual central bankers’ meeting in Jackson Hole, Wyoming for further cues, but Fed Chair Janet Yellen did not address monetary policy or economics at the much awaited speech.
Toward the end of the month, investors jumped on the strengthening U.S. economic data. Many were also betting on Trump to clarify his plans to improve the tax code.
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