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Tech Up As 2019 Momentum Returns — Tech Roundup

The technology sector rose as momentum rebuilt in the sector.

The Nasdaq Composite is up 4.6% for the year to date, riding the crest of a rally that saw the index rise by roughly one third last year.

Federal regulators are looking into whether consumer complaints of unintended acceleration in Tesla models warrant a formal defect investigation into about 500,000 vehicles sold by the electric-car maker.

Apple could soon see a pickup in the replacement rate for iPhones, according to analysts at brokerage Morgan Stanley. Currently, iPhone users typically hang onto their models for four years at a time, but improvements in 5G capabilities and battery life could prompt shorter replacement cycles.

Room-rental startup Airbnb said it will factor in metrics including guest safety when awarding employee bonuses, as the company grapples with how best to address crime and other problems with listings.

Write to Rob Curran at rob.curran@dowjones.com

 

(END) Dow Jones Newswires

January 17, 2020 16:56 ET (21:56 GMT)

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