Tech Slightly Higher as Traders Hedge on Valuations -- Tech Roundup

Features Dow Jones Newswires

Shares of tech companies rose, but not by much as traders hedged their bets on the outlook for share prices in a sector that is already richly valued.

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Microsoft launched a new version of its Surface tablet computer after reporting a slowdown in sales of the well-reviewed device in its latest quarter.

Uber said it mistakenly underpaid New York City drivers for the past 2 1/2 years, using pretax fares when estimating its commission instead of adjusting for taxes as it had agreed to do.

Rob Curran, rob.curran@dowjones.com

(END) Dow Jones Newswires

May 23, 2017 17:31 ET (21:31 GMT)