Shares of tech companies rose amid continued strength in earnings. Overall, technology companies have reported an aggregate 14% growth rate in second-quarter earnings, the highest of any sector except energy, which was lapping a quarter of particularly low commodities prices in 2016, according to data analysis from Thomson Reuters I/B/E/S. Strong sales of image sensors for cameras in iPhones and other smartphones boosted Sony's fiscal third-quarter earnings growth. Jonathan Bush, the founder and head of Athenahealth, will cede his chairmanship but stay as chief executive in a shake-up sparked by activist investor Elliott Management's interest in the health-tech company.
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(END) Dow Jones Newswires
August 01, 2017 16:26 ET (20:26 GMT)