The daily business briefing: June 12, 2018

Stocks hold firm after Trump-Kim summit, Trump economic adviser Larry Kudlow suffers "mild" heart attack, and more

President Trump speaks to reporters in Singapore
(Image credit: Win McNamee/Getty Images)

1. Stocks flat after Trump-Kim summit

U.S. stock futures held firm early Tuesday following the unprecedented summit between President Trump and North Korean leader Kim Jong Un. Trump and Kim signed an agreement committing to the denuclearization of the Korean Peninsula, but revealed few details on how they would make it happen, leaving investors cautious. Futures for the Dow Jones Industrial Average, the S&P 500, and the Nasdaq-100 all edged down by about 0.1 percent. Trump said the two sides had committed to more negotiations and to improving relations. South Korea's Kospi index fell by 0.1 percent after the agreement, and Japan's Nikkei 225 gained 0.3 percent.

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Harold Maass, The Week US

Harold Maass is a contributing editor at The Week. He has been writing for The Week since the 2001 debut of the U.S. print edition and served as editor of TheWeek.com when it launched in 2008. Harold started his career as a newspaper reporter in South Florida and Haiti. He has previously worked for a variety of news outlets, including The Miami Herald, ABC News and Fox News, and for several years wrote a daily roundup of financial news for The Week and Yahoo Finance.