Travelers Companies Inc. (TRV) shares kept the Dow Jones Industrial Average afloat as insurance stocks enjoyed a rebound, though trepidation over Hurricane Irma's approach kept the rest of markets in the red. Energy and materials stocks were the worst performers.
SeaWorld Entertainment Inc. (SEAS) slipped this afternoon after announcing that its Orlando location would close its doors from Saturday to Monday as Irma bears down on the Floridian coast. DisneyWorld and Universal announced similar closures.
Ralph Lauren Corp. (RL) rose after Credit Suisse analysts boosted their rating to OUTPERFORM and increased a price target to $111. Analysts anticipate meaningful revenue growth ahead.
Crude oil prices held onto sharp losses even after a weekly reading on drilling activity in the U.S. showed a slight decline. Drilling activity and refinery output have been erratic in the wake of Hurricane Harvey.