Tech Advances as Traders Hedge on Growth Expectations - Tech Roundup

Dow Jones12-18

Shares of technology companies rose as traders hedged their bets on the outlook for growth.

Chinese online bazaar Alibaba Group expects to book a roughly $1 billion charge related to losses on the sale of its department-store chain Intime for about the same amount to textile firm Youngor Group, as Alibaba quits the bricks-and-mortar retail business.

Nvidia shares continued their recent retreat.

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

(END) Dow Jones Newswires

December 17, 2024 17:08 ET (22:08 GMT)

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