News Highlights: Top Global Markets News of the Day

Features Dow Jones Newswires

Dow Climbs Back Above 22000 as Fears Ease

Continue Reading Below

The S&P 500 hit a fresh record and the Dow Jones Industrial Average closed above 22000 for the first time in nearly a month, as investors' fears eased about North Korea and Hurricane Irma.

Bitcoin Exchanges Shut Down by Chinese Authorities

Chinese authorities are ordering domestic bitcoin exchanges to shut down, delivering a heavy blow to once-thriving trading hubs that helped popularize the virtual currency pushing it to recent record highs.

Millions Without Power in Florida After Irma Lashing

Millions were without power in Florida a day after Irma, now a tropical storm, swept through with whipping winds, drenching rains and coastal flooding to much of the state.

Continue Reading Below

Hurricanes Add to Problems for Oil Bulls

The havoc wreaked by major summer storms stands to deepen a global crude-supply glut that has depressed oil prices. By paralyzing giant sections of the South, the storms will dent energy demand even as production continues and crude in storage is abundant.

Oil Edges Higher as Hurricane Concerns Ease

Oil prices settled higher as refineries planned restarts and Saudi Arabia debated the possibility of extending a deal to curb output among major producers.

Timiraos's Analysis: Harvey and Irma Muddy Data for Fed's Inflation Debate

Forced to explain an inflation soft patch, Fed officials have said they have several more months of numbers to study before they have to make any decisions or explain any change in their thinking about inflation. But the physical damage of recent hurricanes will distort measures of the economy.

Home-Improvement Retailers Scramble to Restock in Florida

Home Depot, Lowe's and other home-improvement retailers are rushing supplies into Florida in Irma's wake in an effort critical to rebuilding efforts as well as their quarterly sales.

Fed's Yellen Met With Ivanka Trump in July

Federal Reserve Chairwoman Janet Yellen had breakfast at the central bank with Ivanka Trump in July, according to the latest release of the Fed chief's monthly calendar.

Catastrophe Bonds Avoid Direct Hit From Hurricane Irma

With damage estimates for Hurricane Harvey tumbling, investors in "cat bonds" will likely avoid the significant losses they may have absorbed had earlier, more aggressive estimates borne out.

Media Agencies Lower Global Ad Spending Forecasts

Zenith and GroupM have lowered their expectations for global ad spending in 2017 and 2018, due to factors ranging from political uncertainty in the U.K. to slowing growth in China.

(END) Dow Jones Newswires

September 11, 2017 19:15 ET (23:15 GMT)