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S&P cruises past 2,700 as tech stocks advance; MoneyGram tumbles

Oracle and IBM rose about 3% following brokerage upgrades, helping the S&P technology index gain about 1%

Reuters 

The benchmark S&P 500 breached the 2,700-mark for the first time shortly after open on Wednesday, while the Nasdaq and the Dow hit records on a strong run in technology stocks. Oracle and IBM rose about 3 percent following brokerage upgrades, helping the S&P technology index gain about 1 percent. U.S. stocks kicked off 2018 on a strong note on Tuesday, with the S&P 500 and the Nasdaq closing at record levels. "The sentiment is very much positive. We had a strong start and we are likely to see a follow through in the near-term," said Scott Brown, chief economist at ...

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First Published: Wed, January 03 2018. 22:25 IST
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