Business News Roundup, Jan. 3
Wall Street
Nasdaq breaks
through 7,000
Technology and health care companies jumped Tuesday as stocks started the new year the same way they spent the last one: rising steadily and setting records. Energy companies, which struggled in 2017, also climbed.
Asian markets rose after surveys in China and India showed continued manufacturing growth in the world’s most populous countries. U.S. stocks followed suit as investors snapped up shares of companies that should benefit from faster economic growth. The Nasdaq composite busted through another milestone as it closed above 7,000 points.