Peter Thiel

Stocks start the year strong; Nasdaq closes above 7,000 for the first time

Stocks start the year strong; Nasdaq closes above 7,000 for the first time

Technology and healthcare companies jumped Tuesday as U.S. 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 — including tech, healthcare and materials companies — just as they did last year. The Nasdaq composite closed above 7,000 points, busting through another milestone.

“We'll continue to see many of the themes from...

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