Advertisement

Markets Right Now: Tech gains power more US stock records

By The Associated Press
January 03, 2018 02:24 PM

The latest on developments in financial markets (All times local):

Advertisement

4 p.m.

Stocks are closing higher on Wall Street and pushing major U.S. indexes to more record highs.

Technology companies were once again the main driver of the gains Wednesday.

Chipmaker Nvidia rose 6.6 percent and business software maker Oracle increased 2.3 percent.

Health care and energy stocks also did well.

Troubled energy company Scana soared after agreeing to be acquired by Dominion Energy.

MoneyGram International plunged 9 percent after U.S. regulators opposed the purchase of the company by a firm controlled by Chinese billionaire Jack Ma.

The Standard & Poor's 500 index rose 17 points, or 0.6 percent, to 2,713.

The Dow Jones industrial average increased 98 points, or 0.4 percent, to 24,922. The Nasdaq climbed 58 points, or 0.8 percent, to 7,065.

___

11:45 a.m.

Stocks are moving higher on Wall Street as technology companies rise again.

The gains in midday trading Wednesday came a day after the Nasdaq composite blew past the 7,000-point milestone for the first time.

Chipmaker Nvidia rose 4.6 percent and business software maker Oracle increased 2.9 percent.

MoneyGram International plunged 10 percent after Chinese billionaire Jack Ma dropped his bid to buy the money transfer company.

The Standard & Poor's 500 index rose 11 points, or 0.4 percent, to 2,707.

The Dow Jones industrial average increased 38 points, or 0.2 percent, to 24,863. The Nasdaq climbed 45 points, or 0.6 percent, to 7,052.

Bond prices rose. The yield on the 10-year Treasury fell to 2.44 percent.

___

9:35 a.m.

Stocks are opening slightly higher on Wall Street as technology companies rise again.

The early gains Wednesday came a day after the Nasdaq composite blew past the 7,000-point milestone for the first time.

Chipmaker Nvidia rose 3.4 percent and business software maker Oracle increased 2.5 percent in the early going.

MoneyGram International plunged 11 percent after Chinese billionaire Jack Ma dropped his bid to buy the money transfer company.

The Standard & Poor's 500 index rose 4 points, or 0.2 percent, to 2,700.

The Dow Jones industrial average increased 30 points, or 0.1 percent, to 24,862. The Nasdaq climbed 22 points, or 0.3 percent, to 7,029.

Bond prices rose. The yield on the 10-year Treasury fell to 2.44 percent.

Credits

By The Associated Press

Copyright 2018 The Associated Press. All rights reserved.

Advertisement



Advertisement

Relay Media Amp

Advertisement


Advertisement




Governor optimistic on economy, crime plan; Democrats' agenda differs

Budget battle expected in Roundhouse this session

Martinez hopes 2018 'will be a win for New Mexicans'

Drug abuse, property crime are concerns in rural districts

APD: Man killed in police shooting was armed, charged at officers