Tech Higher on Rotation Back to Growth -- Tech Roundup

Features Dow Jones Newswires

Shares of tech companies rose as traders rotated back into nondividend paying growth sectors from defensive ones.

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Microsoft named its head of gaming to a senior leadership position in what was a signal that the software company remains committed to its relatively small gaming business, according to an analyst at Stifel.

Apple's decision to charge a higher-than-expected price on the premium iPhone X model could stoke demand for the phone because of the "aspirational" nature of the Apple brand, said analysts at brokerage Morgan Stanley.

Rob Curran, rob.curran@dowjones.com

(END) Dow Jones Newswires

September 19, 2017 17:38 ET (21:38 GMT)