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Tech, health care push stock market higher...Oil futures climb... Production goals fall short for Tesla’s new model

January 3, 2018

NEW YORK (AP) — Big gains for technology and health care companies have helped stocks set records again today. Rising crude and heating oil prices also sent energy companies higher. The Standard & Poor’s 500 index rose 17 points to 2,713. ’The Dow Jones industrial average added over 98 points to 24,922. The Nasdaq climbed over 58 points, to 7,065. Also, the Russell 2000 index of smaller-company stocks gained just over 2 points, ending the day at 1,552.

NEW YORK (AP) — Oil prices are higher today. Benchmark U.S. crude added $1.26, or 2.1 percent, to $61.63 a barrel in New York. Brent crude, used to price international oils, picked up $1.27, or 1.8 percent, to $67.84 a barrel in London. In other commodities trading, wholesale gasoline added 3 cents to $1.80 a gallon.

DETROIT (AP) — Electric car maker Tesla Inc. has again fallen short of production goals for its new Model 3 sedan. The Palo Alto, California-based company made 2,425 Model 3s in the fourth quarter. That’s only a fraction of the 20,000 per month that CEO Elon Musk once promised. But the company exceeded its overall sales targets, delivering 101,312 Model S sedans and Model X SUVs in 2017, up 33 percent over 2016.

SANTA CLARA, Calif. (AP) — Intel says it’s working to patch a security vulnerability in its products but says the average computer user won’t experience significant slowdowns as the problem is fixed. Intel says the problem isn’t limited to its products, despite a report by the British technology site The Register. The site pins the blame on Intel’s chips. Intel says it’s working with other tech companies to address it.

NEW YORK (AP) — The cold weather across the nation proved a boon for television celebrations of the New Year. More than 25 million people tuned in to see Ryan Seacrest ring in 2018 from a frigid Times Square. The Nielsen company says it was the biggest audience for ABC’s “New Year’s Rockin’ Eve since at least 1991. CNN and Fox also set standards for their coverage that night. The temperature in Times Square dipped into the low teens as the ball dropped.

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