Tech Down as Traders Hedge on Trade Dispute - Tech Roundup

Features Dow Jones Newswires

Shares of tech companies ticked down as traders hedged their bets on the outlook for global trade.

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Tensions mounted between China and the U.S. after The Wall Street Journal reported that the Trump administration is considering invoking a little-used provision of U.S. trade law to penalize China for perceived unfair trade practices.

Cybersecurity firm Symantec agreed to sell its website-security business to smaller rival DigiCert for about $950 million.

Tesla rallied after the electric-car company reiterated its plans to sell more vehicles during the second half of the year.

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

(END) Dow Jones Newswires

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August 03, 2017 16:33 ET (20:33 GMT)