The past week was short because of the celebration on Monday the Labor Day, which caused the closing of stock markets.

On Tuesday, the auction was once again influenced by the news from North Korea. Major US stock indices lost about a percent after reports of a successful hydrogen bomb test and South Korean intelligence reports on the transfer of intercontinental missiles to the west coast of the country. After reports of a hydrogen bomb test, the US administration held a meeting, following which the US Secretary of Defense stated that North Korea could expect a "massive military response" if it threatened the US, its allies or the American territory of Guam.

On Wednesday, the stock market moved to growth, despite the persistence of tension on the Korean peninsula. Negative news was added with forecasts about the approach of the hurricane Irma. The US Department of Commerce, the US trade deficit in July rose to - $ 43.7 billion from the revised - $ 43.5 billion in June (originally - $ 43.6 billion). Economists expected the deficit to increase to - $ 44.6 billion. At the same time, the index of business activity in the US services sector, calculated by the Institute for Supply Management (ISM), rose to a level of 55.3 points in August from 53.9 points in July. The result coincided with the experts' forecast. The index of business activity in the US services sector from IHS Markit rose to 56.0 in August, compared with the July reading of 54.7. The latest survey expanded the current sequence of activity growth to 18 months. Moreover, the recovery was the fastest since November 2015, with survey participants saying that higher activity was reinforced by greater willingness to spend among customers and improving market conditions.

Thursday turned out to be relatively calm for the markets. The main attention of traders was occupied by Irma and the weekly report on primary claims for unemployment benefits. As the report of the Ministry of Labor showed, the initial applications for unemployment benefits soared by 62,000 to 298,000 for the week ending September 2. Economists expected the growth of up to 241,000 people.

The end of the week passed under the sign of the natural elements. Investors assessed the consequences of Hurricane Harvey and analyzed the potential damage from Irma. The industrial index Dow Jones slightly increased with the recovery of financial stocks, while Nasdaq Composite declined, amid falling shares of Apple (AAPL) and Comcast (CMCSA). According to the report published by the Ministry of Commerce on Friday, wholesale stocks in the US rose more than expected in July. The Ministry of Trade reported that wholesale inventories rose by 0.6% in July, which corresponds to a revised increase in June. Economists expected the reserves to grow by 0.4% compared to the 0.7% increase originally reported for the previous month.

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