Tech Shares Gain as Valuation Concerns Fade -- Technology Roundup

Features Dow Jones Newswires

Shares of tech companies ticked up as investors put aside worries about elevated valuations in the sector.

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Amazon.com edged down. President Donald Trump criticized the company on Twitter, saying it is "doing great damage to tax paying retailers."

Apple has fixed a budget of roughly $1 billion to procure and produce original content over the next year as part of its new Hollywood presence, The Wall Street Journal reported.

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

(END) Dow Jones Newswires

August 16, 2017 17:35 ET (21:35 GMT)