Tech Rallies Ahead of Earnings -- Tech Roundup

Dow Jones07-27

Shares of technology companies rallied, recovering some of their recent losses, after muted consumer inflation data increased the chances of a Federal Reserve rate cut in the coming months.

Shares of Microsoft, Apple and Meta Platforms rose ahead of their earnings reports. Shares of artificial-intelligence poster child Nvidia rose 0.7%, but remain more than 10% below their July peaks.

New York investment firm Apollo Global agreed to buy Everi Holdings and the gambling and slot machine business of International Game Technology in a deal valued at about $6.3 billion. The transaction replaces a previous deal in which IGT said it would spin out its gaming arm and merge it with Everi to build a company generating about $2.7 billion in annual revenue.

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

(END) Dow Jones Newswires

July 26, 2024 17:25 ET (21:25 GMT)

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Shares of artificial-intelligence poster child Nvidia rose 0.7%, but remain more than 10% below their July peaks. \n\n\n  New York investment firm Apollo Global agreed to buy Everi Holdings and the gambling and slot machine business of International Game Technology in a deal valued at about $6.3 billion. 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