Dow Soars 259 After Irma Is Less Than Feared

S&P hits a record high
By Newser Editors and Wire Services
Posted Sep 11, 2017 3:21 PM CDT
Dow Soars 259 After Irma Is Less Than Feared
Specialist Meric Greenbaum, left, and trader Edward McCarthy work on the floor of the New York Stock Exchange Monday.   (AP Photo/Richard Drew)

Relieved investors send stock prices solidly higher on Wall Street Monday, pushing the Standard & Poor's 500 index to another record high. The S&P 500 rose 26 points, or 1.1%, to 2,488. The Dow Jones industrial average also had a strong day, rising 259 points, or 1.2%, to 22,057, reports the AP. The Nasdaq increased 72 points, or 1.1%, to 6,432. Insurers and travel-related companies posted big gains on Monday after Hurricane Irma appeared to be less destructive than many had feared. Cruise operator Carnival and Chubb each gained 3.6%. Home improvement companies, which rallied last week, fell as investors anticipated less demand for repairs. Lowe's dropped 1.3%. Apple rose 1.8% a day ahead of its latest iPhone launch. (Read more stock market stories.)

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