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Tech Gains Power More US Stock Records

Energy and health care stocks also did well
By Newser Editors and Wire Services
Posted Jan 3, 2018 3:22 PM CST

(Newser) – Stocks closed higher Wednesday on Wall Street and pushed major US indexes to more record highs, the AP reports. Technology companies were once again the main driver of the gains. Chipmaker Nvidia rose 6.6% and business software maker Oracle increased 2.3%. 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% after US regulators opposed the purchase of the company by a firm controlled by Chinese billionaire Jack Ma.

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The Standard & Poor's 500 index rose 17 points, or 0.6%, to 2,713. The Dow Jones industrial average increased 98 points, or 0.4%, to 24,922. The Nasdaq climbed 58 points, or 0.8%, to 7,065.

(Read more stock market stories.)

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