Norte Fire Burns 570 Acres and Forces 16,000 to Evacuate

US Markets4 days ago

Two firefighters were injured as the Norte Fire damaged or destroyed at least 6 homes in southern Orange County, California. The wildfire's area expanded to 570 acres, prompting emergency evacuation orders for approximately 16,000 people in and around San Clemente and San Juan Capistrano. Strong Santa Ana winds continue to drive the flames through residential hillsides, and officials reported 0% containment on Friday night.

The blaze ignited Friday morning in San Clemente and grew from 50 acres at noon to nearly 500 acres by the evening. The Orange County Fire Authority established evacuation shelters at the San Juan Capistrano and San Clemente community centers as hundreds of firefighters deploy ground and air resources, including CH-47 Chinook helicopters. The fire and accompanying winds have also caused power outages affecting tens of thousands of residents across the region.

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Possible scenarios

45%Containment Improves Quickly+0.0%
30%Fire Expands Moderately-0.1%
18%Urban Losses Escalate-0.1%

Each figure is the modeled move of the S&P 500 if the outcome occurs. For information only. Not investment advice.

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Norte Fire Burns 570 Acres and Forces 16,000 to Evacuate

In this story

San Clemente, California San Juan Capistrano, California Orange County Fire Authority Orange County, California California

Portfolio

SPY
State Street SPDR S&P 500 ETF Trust
100%

Portfolio

SPY
State Street SPDR S&P 500 ETF Trust
100%

Mapped to your portfolio

Possible scenarios

45%Containment Improves Quickly+0.0%
30%Fire Expands Moderately-0.1%
18%Urban Losses Escalate-0.1%

Each figure is the modeled move of the S&P 500 if the outcome occurs. For information only. Not investment advice.