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Wall Street opens higher as energy, financial stocks rise

Concerns over North Korea, Hurricane Irma continue to weigh on investors


US stocks opened higher on Wednesday, driven by gains in energy and financial stocks, but investors remained cautious amid tensions on the Korean peninsula and concerns that the Category 5 Hurricane Irma could hit the United States. Exxon's 1.56 per cent rise was the biggest boost on the S&P, while Goldman Sachs and Home Depot's more than 1 per cent rise propelled the Dow. "I think it (North Korea) is still going to be a factor with a bit of nervousness out there. We also have another hurricane heading towards Florida," said Scott Brown, chief economist at ...

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First Published: Wed, September 06 2017. 23:06 IST