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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U.S. stock market fights for gains in Hurricane Harvey’s wake