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Wall Street enjoys relief rally as Irma, North Korea fears ease

Reuters 

By Sruthi Shankar(Reuters) - U.S. stocks rallied broadly on Monday as Irma was downgraded to a tropical storm, easing concerns about its impact on economic growth, and as North Korea refrained from any missile tests over the weekend as feared.All the 11 major S&P sectors higher, led by gains in technology and financial stocks, with insurers rising as Irma's fury petered out.Irma, once ranked as one of the most powerful hurricane recorded in the Atlantic, was downgraded to a tropical storm in the morning, but still caused severe flooding in many Florida cities and knocked out power to about ...

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First Published: Mon, September 11 2017. 21:08 IST
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