A tsunami warning has been put in place Friday near Alaska after an earthquake rocked the state’s largest city by population, Anchorage. The preliminary magnitude of the seismic event was around 6.7, according to an early bulletin from the National Oceanic and Atmospheric Administration. The U.S. Geological Survey placed the epicenter of the quake at about 7 miles north of Anchorage, according to reports. A CNN affiliate KTUU reported that they were “knocked off the air due to the earthquake.” Anchorage boasts the largest population in Alaska by far, with some 300,000 residents, compared with some 33,000 in the state’s capital in Juneau, according to the most recent census bureau statistics. Insurer Travelers Cos. Inc.’s TRV, -0.20% stock was among the worst performers among the Dow Jones Industrial Average DJIA, +0.79% in Friday trade, down 1.2%, but it didn’t move significantly after reports of the quake. Travelers’s shares are down 4.9% this year, compared with a year-to-date gain of 2.4% for the Dow and a 2.5% climb so far this year for the S&P 500 index SPX, +0.82% Meanwhile, a popular fund used to bet on the property and casualty business, the Invesco KBW Property & Casualty Insurance ETF KBWP, +0.68% was little changed on the session, up less than 0.1%.
See Full Story Stocks finish higher as optimism mounts over potential U.S.-China trade deal
Stocks close higher following upbeat comments from a U.S. trade official who suggested that some sort of a trade deal is possible during a meeting between President Donald Trump and Chinese leader Xi Jinping at the G-20 summit in Argentina.
Have breaking news sent to your inbox. Subscribe to MarketWatch’s free Bulletin emails. Sign up here.