Daily Market Preview: Capitol Hill's Packed Agenda & Red Sox's Red Faces
This is your daily market preview:
1. European stocks extended declines Wednesday but Wall Street could be looking at a modest rebound after the biggest single-day loss for U.S. markets in three weeks amid ongoing concern over President Donald Trump's handling of the crisis in North Korea and the potential costs of Hurricanes in Texas, Louisiana and Florida.
2. The U.S. National Hurricane Center said Wednesday that Hurricane Irma is a "potentially catastrophic" storm that could bring winds of 185 mph to the coast of South Florida later this week as it gathers pace toward Puerto Rico and the U.S. Virgin Islands.
3. Congress faces a packed legislative agenda in September, as return from the summer recess, with fights looming over everything from government funding to immigration.
4. An investigation by Major League Baseball has reportedly found the Boston Red Sox used an Apple Watch to illicitly gain an advantage in one of their games, according to the New York Times.
5. U.S. stock futures suggest Wall Street would rise slightly on Wednesday, Sept. 6, following a sharp selloff on Tuesday, Sept. 5, that was triggered by new developments in the North Korea-U.S. conflict.
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