Tech Up as Knee-Jerk Tax Selloff Fades -- Tech Roundup

12/07/17 04:51 PM EST

Shares of tech companies rose as a knee-jerk selloff related to provisions in the tax bill continued to unwind.

Shares of online lender LendingClub fell sharply after it warned of further losses in 2018.

Closely held Dell Technologies said its quarterly loss narrowed as revenue rose to $19.6 billion and it launched an "Internet of Things" unit.

Facebook is launching a third messaging app, a spinoff of its Instagram service, as the social-networking giant seeks to expand its presence in an area where it already offers Facebook Messenger and Whatsapp.

-Rob Curran, rob.curran@dowjones.com

 

(END) Dow Jones Newswires

December 07, 2017 16:51 ET (21:51 GMT)

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