IPhone Optimism Lifts Tech Shares -- Technology Roundup

FeaturesDow Jones Newswires

Shares of tech companies rose amid optimism about demand for Apple's latest smartphones.

"You saw Apple lose a little bit of steam from the delay of the launch, but tech is definitely still leading this market," said Quincy Krosby, chief market strategist at Prudential Financial.

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Facebook said it will open a new artificial intelligence research lab in Montreal led by a McGill University professor as the Canadian city establishes itself as a center for AI development.

Rovio Entertainment, the company behind the "Angry Birds" mobile-game franchise, set the pricing for its initial public offering, valuing the company at about $1 billion--well short of shareholders' more-optimistic forecasts.

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

(END) Dow Jones Newswires

September 15, 2017 18:01 ET (22:01 GMT)