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Wall Street opens higher as Irma, North Korea fears ebb

The Nasdaq Composite was up 63.32 points, or 1% at 6,423.51


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 ...

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First Published: Mon, September 11 2017. 19:43 IST