Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
News: Latest News
Latest NewsCompaniesMarketsEconomy & ForexCommoditiesInterest RatesBusiness LeadersFinance Pro.CalendarSectors 
All NewsEconomyCurrencies & ForexEconomic EventsCryptocurrenciesCybersecurityPress Releases

Tech Slips As Rotation Out Of Sector Continues - Tech Roundup

05/11/2021 | 04:28pm EDT

Shares of technology companies fell slightly as a rotation out of the sector continued.

Shares of tech giants such as Tesla tumbled at the open before recouping some of their losses later in the session.

Electric vehicle maker Tesla posted a surprisingly sharp decline in April sales in China, a development that may represent a backlash after negative publicity in the world's most populous nation.

Cathie Wood's ARK Innovation ETF, which is a major investor in Tesla, rebounded late in the session after hitting a new 2021 low, roughly one third below its February value.

Ride-sharing companies Uber Technologies and Lyft will make all rides to and from vaccination sites free until July 4 under a new partnership with the White House.

Alphabet's Google plans to double the size of its team studying artificial-intelligence ethics in the coming years, seeking to address controversy over "machine bias" and other issues.

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

(END) Dow Jones Newswires

05-11-21 1627ET

Latest news "Economy & Forex"
05:49pFOMC maintains stimulus, brings rate hike forecast forward to 2023
RE
05:35pThe WSJ Dollar Index Rises 0.84% to 86.32 -- Data Talk
DJ
05:35pEuro Lost 1.08% to $1.1997 -- Data Talk
DJ
05:35pSterling Lost 0.70% to $1.3987 -- Data Talk
DJ
05:35pDollar Gains 0.59% to 110.72 Yen -- Data Talk
DJ
05:24pUtilities Shares Sink After Fed Policy Update -- Utilities Roundup
DJ
05:22pCanadian dollar hits seven-week low as Fed plays catch-up with BoC
RE
05:19pTechnology Shares Fall as Fed Tweaks Rate Expectations -- Tech Roundup
DJ
05:15pFAA mandates Boeing 737 MAX inspections for key automated flight system
RE
05:07pCureVac fails in pivotal COVID-19 vaccine trial with 47% efficacy
RE
Latest news "Economy & Forex"