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Tech Down, But Not By Much, As Sector Seen Weathering Higher Rates -- Tech Roundup

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02/27/2018 | 10:37pm CEST

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, rob.curran@dowjones.com

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