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Tech gains power more US stock records

The Dow Jones industrial average finished above 24,900 for the first time ever.

The S&P 500 closed Wednesday over 2,700 for the first time ever. The Dow Jones industrial average finished above 24,900 for the first time ever. And the Nasdaq also finished at an all-time high as well.



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

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 percent and business software maker Oracle increased 2.3 percent.

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 percent 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 percent, to 2,713.

The Dow Jones industrial average increased 98 points, or 0.4 percent, to 24,922. The Nasdaq climbed 58 points, or 0.8 percent, 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 percent and business software maker Oracle increased 2.9 percent.

MoneyGram International plunged 10 percent 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 percent, to 2,707.

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

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

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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 percent and business software maker Oracle increased 2.5 percent in the early going.

MoneyGram International plunged 11 percent 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 percent, to 2,700.

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

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

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