(Bloomberg) -- A weakened Hurricane Jose could graze the Northeast as Hurricane Maria tears through the Caribbean, gaining strength and possibly heading toward the U.S. in a week.

Jose will probably be downgraded to a tropical storm as it comes close to Massachusetts Wednesday — threatening shipping and real estate along the East Coast — before veering farther out into the Atlantic, the U.S. National Hurricane Center said. Storm watches have been posted from Delaware to Massachusetts.

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