Tech, insurers lead Wall Street rally as Irma, North Korea fears ease | Reuters

Reuters| Mon Sep 11 08:00:03 EDT 2017
(Reuters) - Wall Street was sharply higher on Monday morning in a broad rally led by technology and financial stocks, especially insurers, on relief that Irma weakened to a tropical storm and North Korea did not conduct a nuclear test as feared. Irma pounded heavily populated areas of central Florida over the weekend, but gradually lost strength and was downgraded to a tropical storm in the morning. Irma had started off a category 5 hurricane and was once ranked as one of the most powerful recorded in the Atlantic. It came on the heels of Hurricane Harvey, whose devastations economists said would dent third-quarter economic growth. Also boosting risk appetite was North Korea holding a massiv..

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