The U.S. stocks indexes ended the session with new highs as the damage of the Hurricane Irma were undermined which didn’t appear to be as bad as feared.
The Dow Jones Industrial Average were in the positive zone with a 259.58 point gain to end the session trading at 22,057.37 with Goldman Sachs, Apple 3M and insurer Travelers Cos. Contributing with the most gains. On March 1, The Index had its best session when it gained 303 point.
The S&P rallied 1.1 percent to close the session at 2,488.11 which broke a new record high. The index also notched its biggest one-day gain since April 24.
While the NASDAQ Composite also popped 1.1 percent to end the session at 6,432.26, as its large-cap technology stock, including Apple spearheaded the gains. Apple’s stock snapped a four day losing streak ahead of the company’s expected unveiling of its latest iPhone.
Hurricane Irma hit the coast of Florida over the weekend. Irma has gradually lost strength and has been downgraded to a tropical storm as it continues to move its way across land. The Storm surges were also much smaller than the National Hurricane Center expected.
The recent hurricanes have put markets on edge over the recent weeks, and investors show signs of unease when it comes to assessing the effect of these natural disasters in certain markets, including insurance and airlines.