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Wall Street kicks off 2018 on a strong note, tech stocks gain

Six of the 11 major S&P sectors were higher, led by gains in technology and consumer discretionary stocks

Reuters 

Wall Street's main indexes were higher on Tuesday, the first trading day of the year, buoyed by gains in technology and consumer discretionary stocks. Major stock indexes closed out 2017 with their best performance since 2013, powered by a combination of strong economic growth, solid corporate earnings, low-interest rates and hopes of corporate tax cuts. "The first week of trading usually suggests the overall trend of the markets which we expect to be positive," Peter Cardillo, chief market economist at First Standard Financial in New York, wrote in a note. Oil ...

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First Published: Tue, January 02 2018. 22:27 IST
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