Tech Down, But Not By Much, As Sector Seen Weathering Higher Rates -- Tech Roundup
Shares of tech companies fell, but not by as much as the broad market, as traders bet they would ride out a potential increase in interest rates better than most.
Shares of Apple hit a new record high, before giving back gains, after reports that the computer and gadget giant was readying an extra-large version of its iPhone, in addition to some new budget lines. One of Apple's largest investors, Warren Buffett, also commended its franchise in a recent interview.
--Rob Curran, [email protected]