Tech Up as Knee-Jerk Tax Selloff Fades -- Tech Roundup

Features Dow Jones Newswires

Shares of tech companies rose as a knee-jerk selloff related to provisions in the tax bill continued to unwind.

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Shares of online lender LendingClub fell sharply after it warned of further losses in 2018.

Closely held Dell Technologies said its quarterly loss narrowed as revenue rose to $19.6 billion and it launched an "Internet of Things" unit.

Facebook is launching a third messaging app, a spinoff of its Instagram service, as the social-networking giant seeks to expand its presence in an area where it already offers Facebook Messenger and Whatsapp.

-Rob Curran, rob.curran@dowjones.com

(END) Dow Jones Newswires

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December 07, 2017 16:51 ET (21:51 GMT)