Tech Up On Apple, Amazon Optimism -- Tech Roundup

Shares of tech companies rose as traders bet Apple's latest iPhone and'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.

On the day 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,

(END) Dow Jones Newswires

August 28, 2017 17:03 ET (21:03 GMT)