MARKET UPDATE - SEPTEMBER 17, 2018
Last week, the East Coast prepared for Hurricane Florence, which roared through the Carolinas and Georgia.
As investors kept their eyes on the weather and its potential for destruction, estimates emerged of up to $27 billion in hurricane damage. This potential for damage contributed to insurance companies in the S&P 500 declining last week. While the hurricane likely won't have a large effect on our economy, its destruction could influence data for months to come.
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