Shares of technology companies rallied as investors embraced risk once more.
NCR rose after reports that the maker of point-of-sale software was in exclusive talks with buyout firm Veritas Capital.
IBM shares fell after the computer-services giant adjusted its outlook for free cash flow, overshadowing robust growth in demand in the latest quarter.
In one sign of increased risk tolerance, digital currency prices rose, with bitcoin trading above $23,000.
Chinese authorities are preparing to impose a fine of more than $1 billion on ride-hailing company Didi Global, bringing an end to a yearlong investigation into the company's cybersecurity practices.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
07-19-22 1725ET
