S&P 500, Nasdaq close at records as U.S. stocks rise
The U.S. stock market closed with solid gains on the first trading day of 2018, driven by a rally in technology shares. The S&P 500 and Nasdaq hit intraday records and closed at all-time highs on Tuesday, while the Dow ended only 14 points below its all-time closing high. The S&P 500 gained 22.20 points, or 0.8%, to 2,695.81. The Dow Jones Industrial Average rose 104.79 points, or 0.4%, to 24,824.01. The tech-heavy Nasdaq Composite index rallied 103.51 points, or 1.5%, to 7,006.90. Among the best performers on Wall Street, shares of Advanced Micro Devices jumped 6.8%.