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Tech Ticks Down After Mixed Earnings -- Tech Roundup

07/28/2021 | 05:08pm EDT

Shares of technology companies ticked down after mixed earnings outlooks from tech giants.

Shares of Apple fell slightly after the device and computer giant warned that its sales growth could slow somewhat from the torrid pace of the second quarter.

Microsoft shares were more or less flat after it reported robust growth in cloud-computing revenue.

Facebook shares fell in late trading after it warned of a sequential slowdown in growth, due to regulatory pressure and platform changes affecting targeted advertising.

Some Chinese Internet stocks rebounded, recouping some of their losses from earlier in the week, as Beijing cracks down on overseas-traded tech companies. Shares of Baidu and Alibaba Group were among those rising sharply in New York trading.

In another sign of revived risk appetite, the price of digital currency bitcoin rallied back over $40,000.

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

(END) Dow Jones Newswires

07-28-21 1707ET

Stocks mentioned in the article
ChangeLast1st jan.
ALIBABA GROUP HOLDING LIMITED -0.86% 150.18 Delayed Quote.-34.91%
APPLE INC. 0.34% 143.43 Delayed Quote.7.72%
BAIDU, INC. 1.43% 156.71 Delayed Quote.-28.55%
BITCOIN - EURO -4.14% 34890.16 Real-time Quote.55.02%
BITCOIN - UNITED STATES DOLLAR -4.19% 40886.07 Real-time Quote.48.52%
DJ INDUSTRIAL -0.15% 33919.84 Delayed Quote.13.00%
FACEBOOK INC 0.50% 357.48 Delayed Quote.30.22%
MICROSOFT CORPORATION 0.17% 294.8 Delayed Quote.32.32%
WISDOMTREE CLOUD COMPUTING UCITS ETF - ACC - USD 0.56% 59.15 Delayed Quote.10.52%
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