Weekly Wrap: All Eyes on Aftermath of Harvey
The storm in Texas led us to consider the impact on the energy and insurance sectors. Plus, expect a slowdown at Best Buy.
All eyes were on the Gulf Coast this week as people all over the world surveyed the destruction of Harvey.
The important story was, of course, the human toll the storm took, but investors too eyed what impact it could have on the markets, particularly on the energy and insurance sectors. And although there was big movement in a few individual stocks ( HollyFrontier (HFC) jumped as a refiner outside the path of the hurricane), the market as a whole took the event in stride.
Jeremy Glaser does not own shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.