Tech Shares Edge Higher -- Technology Roundup

Features Dow Jones Newswires

Shares of tech companies were higher as some risk appetite returned after the release of solid economic data.

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One hedge-fund manager said the headlines about heady heights for technology stocks such as Amazon.com and Google's Alphabet are making him anticipate a correction in the short to medium term. "Tech, gaming and semis are still fundamentally OK, but could still suffer a severe profit-taking as they are very extended and overbought," said Lorenzo Di Mattia, manager of hedge fund Sibilla Global Fund.

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

(END) Dow Jones Newswires

June 01, 2017 16:37 ET (20:37 GMT)