You are here: Home » International » News » Others
Business Standard

Hurricane Irma: Wall Street opens lower as investors assess fiscal impact

Irma was set to hit Florida with FEMA warning parts of Florida could be out of electricity for days

Reuters 

US stocks opened lower on Friday as investors assessed the financial impact of hurricane Harvey and tracked Hurricane Irma as it plowed toward Florida. The three major Wall Street indexes were on track to end the week lower, with many economists forecasting that third-quarter GDP will take a hit due to the hurricanes. Irma was set to hit Florida as early as Saturday, with FEMA warning that parts of Florida could be out of electricity for days, if not longer. The hurricane, the strongest recorded in the Atlantic Ocean, comes on heels of Harvey, which shut a quarter of U.S. ...

This article is no longer available in our repository.

There could be multiple reasons for this.

First Published: Fri, September 08 2017. 20:01 IST
RECOMMENDED FOR YOU