Shares of technology companies rose as investors rotated back into the sector in light of moderation in Treasury yields.
Chip and smart-phone giant Samsung Electronics forecast a 44% rise in operating profit despite its U.S. chip production getting wiped out for weeks due to severe weather in Texas.
Grocery-delivery service Instacart has chosen JPMorgan Chase to issue a credit card that will reward frequent users, The Wall Street Journal reported, and restaurant-delivery service DoorDash is also pursuing a card offering.
Tencent Holdings' largest shareholder is selling up to $14.7 billion worth of stock in the Chinese internet and videogaming giant, cashing in on one of the most lucrative technology bets in history after the pandemic gave a huge boost to the sector.
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(END) Dow Jones Newswires
April 07, 2021 17:34 ET (21:34 GMT)Copyright (c) 2021 Dow Jones & Company, Inc.