U.S. stocks rose on Wednesday, the second trading day of 2018. The three benchmark U.S. indexes hit record closes after setting intraday records earlier.
Shares of Intel Corp. (INTC) - Get Intel Corporation (INTC) Report fell following reports of a potential bug in the chipmaker's technology. Intel said that it believes these "exploits do not have the potential to corrupt, modify or delete data." It is also working with other technology companies to develop an industry-wide approach to resolve this issue. Shares of rival Advanced Micro Devices Inc. (AMD) - Get Advanced Micro Devices, Inc. Report soared on the report.
MoneyGram International Inc. (MGI) - Get MoneyGram International, Inc. Report stock tanked after U.S. regulators rejected Ant Financial's plan to acquire the U.S. money transfer company over national security concerns. The $1.2 billion deal, which had been in the works for several years, represents a blow for Jack Ma, the executive chairman of Chinese internet conglomerate Alibaba Group Holding Ltd. (BABA) - Get Alibaba Group Holding Ltd. Sponsored ADR Report , who owns Ant Financial together with Alibaba executives.
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