United States stocks close higher as investors relax after Irma

E-mini Dow Jones Industrial Average

Daily September E-mini Dow Jones Industrial Average

New York- Wall Street stocks jumped to fresh records Tuesday, boosted by financial shares that led a rally on easing fears over North Korea and USA hurricanes.

The Dow Jones added 64.84 points, rising 0.29% to 22,121.08.

Chevron led the blue-chip Dow index with a 1.5 percent gain, while Apache climbed 4.5 per cent and Devon Energy jumped 4.2 per cent.

The S&P 500, Dow Jones industrials and Nasdaq Composite clocked record closes, with investors drawn to riskier assets as concerns about us tensions with North Korea eased and the financial impact from Hurricane Irma appeared less severe than was feared last week.

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Financial firms were among the biggest gainers, while real estate and utility firms lagged.

Markets were firmly in the green with risk-on appetite emerging after Hurricane Irma was downgraded to a tropical storm and damage to Florida was said to be less severe than feared.

Crude oil was about 1.18 percent higher with prices at $48 per barrel.

Apple saw some of the steepest losses in opening trade.

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Financials rose more than 1 percent, with numerous biggest banks gaining between 1 percent and more than 3 percent. Information technology rose 1.4%, sending the Nasdaq Composite higher for the third time in four days. U.S. Treasury 10-year yields hit a three-week high after a 10-year note auction.

Elsewhere, shares in industrial giant Dow DuPont increased by more than 2% after the firm said it had revised its break-up plans.

Advancing issues outnumbered declining ones on the NYSE by a 1.76-to-1 ratio; on Nasdaq, a 1.60-to-1 ratio favored advancers.

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