Shares of tech companies rose as traders bet Apple's latest iPhone and Amazon.com's latest acquisition will be hits.
Apple shares neared an all-time high after the Silicon Valley giant scheduled a product launch, likely for the iPhone 8, for Sept. 12.
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On the day Amazon.com closed its purchase of Whole Foods Market, the online mega-store cut grocery prices and offered promotional deals on "Echo" home-assistant devices in many locations of the organic-food chain.
Uber Technologies named Expedia Chief Executive Dara Khosrowshahi as its new chief executive, capping a tumultuous nine-week search after Travis Kalanick resigned in late June.
-Rob Curran, firstname.lastname@example.org
(END) Dow Jones Newswires
August 28, 2017 17:03 ET (21:03 GMT)