Tech Shares Gain on Momentum Bets -- Technology Roundup

Features Dow Jones Newswires

Shares of tech companies rose on bets upward momentum would continue in the sector despite elevated stock valuations.

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HP regained its lead in worldwide personal-computer sales from China's Lenovo after its four-year run, according to research firm Gartner.

Shares of Seagate Technology fell after the hard-disk drive maker was downgraded by Barclays.

Uber Technologies is combining its Russian operations with Yandex.Taxi, the most popular ride-hailing service in the country, a sign that the embattled U.S. ride-hailing giant is tweaking its international strategy after the departure of Chief Executive Travis Kalanick.

-By Rob Curran,

(END) Dow Jones Newswires

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July 13, 2017 17:37 ET (21:37 GMT)