Stocks Close Higher, Led by Technology

It was solid 1st week of 2018 on New York Stock Exchange
By Newser Editors and Wire Services
Posted Jan 5, 2018 3:44 PM CST
This Dec. 21, 2016, file photo shows the New York Stock Exchange.   (AP Photo/Mark Lennihan, File)

(Newser) – Stocks capped a solid opening week of the year with big gains for technology, materials, and energy companies on Friday, the AP reports. Tech stocks, which were the biggest stars of the market last year, continued in that role in the opening week of 2018. Cisco Systems rose 1.4%, and Apple gained 1.1%. For the week, tech stocks in the Standard & Poor's 500 index are up 4.2%. The four-day winning streak for the S&P 500 index this week marked the longest string of consecutive gains to start a year since 2010.

On Friday, the S&P 500 index rose 19 points, or 0.7%, to 2,743. The Dow Jones industrial average rose 220 points, or 0.9%, to 25,295. The Nasdaq composite climbed 58 points, or 0.8%, to 7,136.

(Read more stock market stories.)

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