Tech Up as Traders Seek Out Riskier Sectors -- Tech Roundup
Shares of tech companies rallied as traders rotated back into the sectors considered the riskiest. Qualcomm rose after U.S. regulators ordered the chip designer to delay its shareholder meeting to give itself more time to review rival Broadcom's $117 billion buyout offer. The deal, if it proceeded, could be the biggest ever in the technology sector. Amazon.com is in talks with big banks including JPMorgan Chase about offering customers something akin to a checking account, The Wall Street Journal reported. Chinese phone maker Xiaomi is set to enter the smart-phone market as early as this year, The Wall Street Journal reported. That would be a competitive threat for leading smart-phone makers Apple and Samsung.
-Rob Curran, email@example.com
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March 05, 2018 16:37 ET (21:37 GMT)Copyright (c) 2018 Dow Jones & Company, Inc.