Asia stocks mostly rise as Irma and North Korea worries fade
Investors were relieved as Irma, which is still deluging
Tensions between the
"This is what happens when the market sells off in the face of what is really an awfully good fundamental environment," said
And while a gridlocked federal government hasn't done much to stimulate the economy, Paulsen said the weakening dollar and falling interest rates could give
The
That wiped out a month of losses linked to international tensions as well as worries about the lingering effects of Hurricanes Harvey and Irma, which are expected to slow the
Irma weakened shortly before it came ashore Sunday. It's caused severe flooding and knocked out power to millions. While the damage is still being assessed, insurers climbed Monday as investors anticipate they won't have to pay out as much in claims as it looked like they would just a few days ago.
Investors also expected that travel-related companies won't take such a big hit from the storm.
Investors' sense of relief also pushed orange juice futures a little lower. Futures had risen to
North Koreans observed the 69th anniversary of the country's founding, but did not test another intercontinental ballistic missile, as
Bond prices sank. The yield on the 10-year
In another sign investors were willing to take more risks, gold lost
Technology companies helped lead the way.
Home improvement retailers fell. They climbed last week after investors anticipated their business could pick up as homeowners were affected by the storm.
Benchmark
Wholesale gasoline lost
In other commodities trading, copper added
The dollar rose to
AP Markets Writer
Car dealer’s accountant receives 22-month embezzlement sentence
The Latest: Irma inland near Tampa, still Category 2 storm
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