Shares of technology companies gave back some of their recent gains following a torrid run to records.

Bitcoin topped $100,000 for the first time ever, rewarding longtime believers who had often touted the likelihood the cryptocurrency would reach the round number through a decade of wrenching volatility.

Shares of software firm MicroStrategy, which has been buying bitcoin hand over fist for its corporate treasury, fell as the currency's rally stalled out around the $100,000 level.

MicroStrategy fell about 5% but remains up by almost 70% in the last month.

Tesla shares rallied after an engineer reportedly said the cyber-taxi, a self-driving vehicle due to launch in 2026, would feature about half the parts of a Model 3, meaning it would be cheap to produce.

Shares of SentinelOne were trading sharply lower after the cybersecurity company reported higher quarterly revenue and a surge in operating expenses.


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

(END) Dow Jones Newswires

12-05-24 1719ET