Tech Up As Traders Rotate Into More Cyclical Sectors -- Tech Roundup

11/05/2021 | 04:30pm

Shares of technology companies rose, but not by as much as the broad market, as traders rotated into sectors that were more sensitive to economic activity.

Shares of Square fell after the payment technology company's earnings were short of some investors' expectations.

Security-software company McAfee is nearing a deal to sell itself to investment firm Advent International for more than $10 billion, The Wall Street Journal reported.

Three of the largest owners of single-family homes for rent, Pretium Partners, American Homes 4 Rent, and Invitation Homes, are considering bidding or are in discussions with Zillow about buying some of its home inventory after the online real-estate firm abruptly quit the home-flipping business, The Wall Street Journal reported.

The Justice Department has opened an investigation into electric-van startup Workhorse, according to documents reviewed by The Wall Street Journal.

Shares of electric-car maker Tesla ticked up, adding to robust gains over the last few weeks.

A news release went up on Kroger's Web site Friday saying customers would soon be able to use Bitcoin Cash as payment in its stores and online, but Kroger later explained it was fraudulent.

 Write to Rob Curran at 

(END) Dow Jones Newswires

11-05-21 1729ET

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