Wall Street ends at record high, led by banks; Apple weighs

Closing Indexes Summary Sept 11

Wall Street jumped on Monday, with the S&P 500 hitting a record high on widespread gains across all of its 11 sectors amid a risk-on tone for investors as Irma was downgraded to a tropical storm and North Korea fears eased.

United States markets opened higher on Tuesday, continuing to advance after a day of steep gains. Shares tumbled 8.20 percent on Monday.

"There's a relief factor, at least for the moment, that the North Korea situation has gone a little bit quiet, and the fact that the hurricane over the weekend was not as bad as expected", said Dave Donabedian, chief investment officer of CIBC Atlantic Trust Private Wealth Management.

Apple's shares closed a volatile trading session 0.4 percent lower at $160.86 after rising as high as $163.96 following the unveiling of its 10th anniversary edition of the iPhone.

While some investors cited worries about whether Apple would face supply shortages, others said traders were just taking profits.

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The ceremony focuses on the first responders who perished in the attacks of September 11, 2001, at the World Trade Center in NY . The September 11 Memorial & Museum's " Tribute in Light " art installation switched on just after sundown Monday.

Apple was the second-biggest drag on the S&P behind McDonald's, which fell more than 3 percent on concerns about its third-quarter results.

Financials, the biggest upward driver on the S&P, rose 1.2 percent, helped by a 1.8 percent jump in the bank subsector.

Financial firms were among the biggest gainers, while real estate and utility firms lagged.

Gap Inc (NYSE:GPS) stock is up 6.1% at $27.51 - in year-to-date high territory - and is among the best stocks on the New York Stock Exchange (NYSE) today, after Jefferies and Deutsche Bank raised their price targets, to $39 and $30, respectively.

Shares in Goldman Sachs increased by more than 2%, after the firm discussed a growth plan meant to drive revenue gains in coming years.

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