Stocks jump as relieved investors buy banks, insurers, tech
Global investors were also relieved after a North Korean national holiday passed without any other actions that would raise tensions between that country and the
KEEPING SCORE: The
The standoff between the
STORMY WEATHER: Irma weakened shortly before it came ashore Sunday, and it is still battering
Investors also expected that travel-related companies won't take such a big hit from the storm.
THE QUOTE: "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
"That's a huge stimulative force," he said.
Bond prices sank. The yield on the 10-year
LAGGARDS: Home improvement retailers fell. They climbed last week after investors anticipated their business could pick up as homeowners were affected by the storm.
TECH ADVANCES: Technology companies helped lead the way.
ENERGY: Benchmark
OTHER COMMODITIES: In another sign investors were willing to take more risks, gold lost
Wholesale gasoline lost
Orange juice prices, which surged in early September, gave up some of their recent gains. Futures had risen to
CURRENCIES: The dollar rose to
OVERSEAS:
AP Markets Writer
EDITORIAL: The needs of the community
A.M. BestTV at Rendez-Vous: Global Reinsurers See More Than Catastrophe Risk on Horizon
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