1. Stocks rebound as North Korea fears recede
The Dow Jones Industrial Average rebounded Tuesday from an opening plunge to close up by 57.97 points or 0.3 percent. The nearly 200-point swing was the biggest for the benchmark stock since last Dec.7, when it gained back 320 points to finish higher. Stocks plunged when trading opened due to fears of a military response to North Korea's firing of a missile over Japan. World stocks gained early Wednesday as those fears receded after a measured U.S. response, with President Trump saying that the world had received North Korea's message "loud and clear" and that all options remained on the table. "This may have been interpreted by investors as a sign that the U.S. will approach the situation in a more measured and diplomatic manner, as opposed to raining down 'fire and fury,'" said IronFX analyst Charalambos Pissouros.
2. Gasoline futures jump as Harvey forces another refinery to close
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4. Murdochs pull Fox News off air in U.K.
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