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UPDATE: Dow tests close above 25,000, as fresh round of records fall on energy, tech rally1-3-18 4:25 PM EST

U.S. stock markets finished at records on Wednesday, putting the main indexes in a similar position to where they ended 2017. A rally in energy shares (XLE), technology (XLK) and health-care supported the buying mood on Wall Street. The Dow Jones Industrial Average flirted with a psychological significant close near 25,000, rising 0.4% to 24,922.68. Meanwhile, breaching milestones of their own, the S&P 500 index closed above 2,700, rising 0.6% to 2,713.06, while the Nasdaq Composite Index jumped 0.8% at 7,065.53. Minutes from the Federal Reserve's December meeting, released at 2 p.m. Eastern, revealed some divisions among policy makers in expectations for three increases to benchmark interest rates in 2018. In corporate news, shares of Intel Corp (INTC) dropped 3.4% after news reports of chip design flaw that could make computers vulnerable to hacking. Meanwhile, crude-oil prices surged to close at $61.63, underscoring a continued rally in oil futures that have helped energy stocks take flight to start the year.

-Mark DeCambre; 415-439-6400;


(END) Dow Jones Newswires

01-03-18 1625ET

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