Tech Shares Edge Higher -- Technology Roundup

Features Dow Jones Newswires

Shares of tech companies inched higher as investors digested earnings reports.

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Apple rose to a new high, bringing the market capitalization of the iPhone maker above $800 billion as excitement built about its next iPhone model.

A Morgan Stanley survey of information technology chief security officers "shows an expected 6% growth in security spending in 2017, accelerating to a 9% compound annual growth rate over the next three years, ahead of overall IT spending growth of about 4%, according to our CIO survey."

-By Rob Curran, rob.curran@dowjones.com

(END) Dow Jones Newswires

May 09, 2017 17:29 ET (21:29 GMT)