Tech Shares Edge Higher Ahead of Earnings Reports - Tech Roundup

Features Dow Jones Newswires

Shares of tech companies ticked up ahead of some key earnings reports.

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One brokerage said tech will likely continue to see outsized growth. "Our view remains that the late-cycle equity bull market will continue to be led by disruptive technology," Credit Suisse analysts wrote in a research note.

Shares of Facebook were little changed ahead of the social network's quarterly report, which came after the closing bell. Facebook reported a 71% jump in second-quarter profit.

Amazon.com, which also reports earnings this week, aims to fill 50,000 new positions in the U.S. by hosting a giant job fair next week, as it aims to make good on a promise to hire 130,000 full- and part-time employees by mid 2018.

Electronic Arts rose after analysts at Bank of America Merrill Lynch boosted their rating on the computer-game maker.

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

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(END) Dow Jones Newswires

July 26, 2017 17:35 ET (21:35 GMT)