U.S. stock-index benchmarks jumped at the open on Monday, as Hurricane Irma hit Florida with less force than expected and North Korea failed to conduct another nuclear missile test over the weekend, helping to lure investors into buying assets perceived as risky like equities. The Dow Jones Industrial Average opened up 190 points, or 0.9%, at 21,986, while the S&P 500 index climbed 0.8% at 2,481, putting the broad-market gauge within range of its closing high. The Nasdaq Composite Index rallied 1.1% at 6,432, also within range of an all-time closing high. In corporate news, investors awaited the debut of Apple Inc.’s new iPhone 8 on Tuesday. In other corporate news, shares of Teva Pharmaceutical Industries Ltd. were up, after the Israeli drug company on Monday named Lundbeck’s Kare Schultz as its new chief executive. Meanwhile, Wall Street was marking the anniversary of 9/11.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
From:: Stock Market News