Tech Up On Apple, Amazon Optimism -- Tech Roundup

Features Dow Jones Newswires

Shares of tech companies rose as traders bet Apple's latest iPhone and Amazon.com's latest acquisition will be hits.

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Apple shares neared an all-time high after the Silicon Valley giant scheduled a product launch, likely for the iPhone 8, for Sept. 12.

On the day Amazon.com closed its purchase of Whole Foods Market, the online mega-store cut grocery prices and offered promotional deals on "Echo" home-assistant devices in many locations of the organic-food chain.

Uber Technologies named Expedia Chief Executive Dara Khosrowshahi as its new chief executive, capping a tumultuous nine-week search after Travis Kalanick resigned in late June.

-Rob Curran, rob.curran@dowjones.com

(END) Dow Jones Newswires

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August 28, 2017 17:03 ET (21:03 GMT)