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Stocks rise to new records as Irma and North Korea worries fade

Stocks rise to new records as Irma and North Korea worries fade

U.S. stocks rallied to record highs Monday as Hurricane Irma weakened without causing as much damage as many had feared, and a North Korean holiday passed without new missile launches. Financial and technology companies led the way.

Investors were relieved as Irma — which faded into a tropical storm but was still deluging Florida and Georgia — didn't appear to be as bad as it did in projections last week. Insurance companies jumped, especially smaller ones that do a lot of business in Florida. So did travel companies. Home improvement retailers fell; their stocks had climbed recently as investors expected post-storm repairs to boost their business.

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