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S&P 500 surges toward record high as fear fades

Reuters 

By Noel Randewich(Reuters) - The S&P 500 surged toward a record high on Monday with its strongest one-day performance since April after tropical storm Irma did less damage than expected in Florida, and North Korea did not test missiles over the weekend, which some had feared.All 11 major S&P 500 sectors rose, led by financial stocks, with insurers advancing as Irma, once ranked as one of the most powerful hurricane recorded in the Atlantic, lost power.Irma caused severe flooding in many Florida cities and left more than 6 million homes and businesses without power, but damage appeared to be ...

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First Published: Tue, September 12 2017. 00:14 IST
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