Shares of tech companies were higher as some risk appetite returned after the release of solid economic data.
One hedge-fund manager said the headlines about heady heights for technology stocks such as Amazon.com and Google's Alphabet are making him anticipate a correction in the short to medium term. "Tech, gaming and semis are still fundamentally OK, but could still suffer a severe profit-taking as they are very extended and overbought," said Lorenzo Di Mattia, manager of hedge fund Sibilla Global Fund.
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-By Rob Curran, firstname.lastname@example.org
(END) Dow Jones Newswires
June 01, 2017 16:37 ET (20:37 GMT)