Tech Higher on Rotation Back to Growth -- Tech Roundup

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

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,

(END) Dow Jones Newswires

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