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Markets Unfazed by Hurricane Irene; End Day Higher

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  • Description

    FBN’s Robert Gray breaks down the day in the markets.

  • Duration 0:53
  • Date

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Wall Street may have been unfazed by hurricane -- today the consolidated by on the New York Stock Exchange dried up nearly -- now billion shares the first time.

It was below four billion since August 17.

-- would have a big rally and this lifeline it often indicates a lack of conviction among the bulls and at the closing bell the Dow up 255.

Points.

Was a bigger percentage gains on the NASDAQ and the S&P 500.

They -- New York governor Andrew Cuomo expects to use money from the State's existing budgets to pay for the damage incurred by hurricane Irene.

He did call federal -- a major asset York's budget currently approximately 132 billion dollars.

Ahead of the -- arrival of President Obama granted the governor's request for a state of emergency for the speeds up the process of getting federal dollars and out of state assistance.

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