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Financials, industrials boost S&P to record high


By Sruthi ShankarREUTERS - The S&P 500 hit a record intraday high on Tuesday, led by gains in financial and industrial stocks after Irma weakened to a tropical depression, but declines in McDonald's and technology stocks weighed on the Dow and Nasdaq.Irma, which had rampaged through the Caribbean as one of the most powerful Atlantic hurricanes, weakened to a tropical depression, allaying concerns about the severity of its financial impact.Investors also seemed to shrug off North Korea's rejection of sanctions imposed by the U.N. Security Council and the country's traditionally defiant threat ...

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First Published: Tue, September 12 2017. 21:18 IST