Concerns around the severity of Hurricane Irma’s financial impact receded as it weakened to a tropical depression, while investors shrugged off fresh developments related to North Korea.
“There’s a relief factor, at least for the moment, that the North Korea situation has gone a little bit quiet, and the fact that the hurricane over the weekend was not as bad as expected,” said Dave Donabedian, chief investment officer of CIBC Atlantic Trust Private Wealth Management.
Apple’s shares ( AAPL.O ) inched 0.3 percent Higher as the event to launch the 10th anniversary edition of the iPhone kicked off.
McDonald’s ( MCD.N ) shares fell more than 3 percent on a report that a research firm had raised concerns about the restaurant chain’s third-quarter sales.
- S&P opens at record high as Irma weakens; Apple in focusReuters
- S&P 500 sets record closing high as Hurricane Irma, North Korea fears fadeDaily Sabah
- US STOCKS-Futures higher as Irma weakens further; Apple in focusNasdaq
- US stocks add to records ahead of Apple launchBusiness Recorder (press release) (registration) (blog)