Shares of technology companies rose, as traders rotated back into the risky sectors most beaten down during the bear market so far.
Apple shares rose, even as analysts at brokerage Morgan Stanley warned that revenue from the App Store slowed down in June, potentially dragging services revenue down for the quarter.
European lawmakers approved two sweeping new pieces of digital regulation, paving the way for clashes between regulators and some of the world's biggest tech companies over how the rules should be applied.
Shares of Meta Platforms, which said it would work with European regulators on compliance, rose sharply.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
07-05-22 1709ET
