September 5, 2017
North Korea's test of a hydrogen bomb made for a defensive session in the stock market as the Dow fell a sharp 1.1 percent to 21,753. Economic news is headed by factory orders where capital goods are a standout strength and point to continuing acceleration in business investment. Oil, boosted by the strengthening of Hurricane Irma, rose more than $1 to $48.50 while gold gained $10 and is near $1,340. Rates were little changed but the dollar index did fall 0.3 percent and, at 92.13, is back near a 2-1/2 year low.