Markets Right Now: Tech gains power more US stock records

The latest on developments in financial markets (All times local):

4 p.m.

Stocks are closing higher on Wall Street and pushing major U.S. indexes to more record highs.

Technology companies were once again the main driver of the gains Wednesday.

Chipmaker Nvidia rose 6.6 per cent and business software maker Oracle increased 2.3 per cent.

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 per cent after U.S. regulators opposed the purchase of the company by a firm controlled by Chinese billionaire Jack Ma.

The Standard & Poor’s 500 index rose 17 points, or 0.6 per cent, to 2,713.

The Dow Jones industrial average increased 98 points, or 0.4 per cent, to 24,922. The Nasdaq climbed 58 points, or 0.8 per cent, to 7,065.

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11:45 a.m.

Stocks are moving higher on Wall Street as technology companies rise again.

The gains in midday trading Wednesday came a day after the Nasdaq composite blew past the 7,000-point milestone for the first time.

Chipmaker Nvidia rose 4.6 per cent and business software maker Oracle increased 2.9 per cent.

MoneyGram International plunged 10 per cent after Chinese billionaire Jack Ma dropped his bid to buy the money transfer company.

The Standard & Poor’s 500 index rose 11 points, or 0.4 per cent, to 2,707.

The Dow Jones industrial average increased 38 points, or 0.2 per cent, to 24,863. The Nasdaq climbed 45 points, or 0.6 per cent, to 7,052.

Bond prices rose. The yield on the 10-year Treasury fell to 2.44 per cent.

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9:35 a.m.

Stocks are opening slightly higher on Wall Street as technology companies rise again.

The early gains Wednesday came a day after the Nasdaq composite blew past the 7,000-point milestone for the first time.

Chipmaker Nvidia rose 3.4 per cent and business software maker Oracle increased 2.5 per cent in the early going.

MoneyGram International plunged 11 per cent after Chinese billionaire Jack Ma dropped his bid to buy the money transfer company.

The Standard & Poor’s 500 index rose 4 points, or 0.2 per cent, to 2,700.

The Dow Jones industrial average increased 30 points, or 0.1 per cent, to 24,862. The Nasdaq climbed 22 points, or 0.3 per cent, to 7,029.

Bond prices rose. The yield on the 10-year Treasury fell to 2.44 per cent.