Dow industrials open up 30 points, as stocks climb in fallout of Texas storm

U.S. stock opened modestly higher on Monday, as investors attempt to gauge the carnage wrought to property and energy facilities following Hurricane Harvey over the weekend. The Dow Jones Industrial Average was trading 25 points, or 0.1%, at 21,836, giant insurer Travelers Cos. Inc. was among the worst performers among the Dow’s components in early trade. The S&P 500 index was adding 4.5 points, or 0.2%, at 2,447, while the Nasdaq Composite Index advanced 0.2% at 6,276. U.S. traded crude-oil prices were slipping in the aftermath of the devastation of now-Tropical storm Harvey, which is expected to dump some 50 inches of water in the Houston/Galveston region of Texas. Among the more active energy futures was gasoline prices, which were spiking, but off their highs.

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From:: Stock Market News

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