Technology Shares Nearly Unchanged in Quieter Trade — Tech Roundup

Shares of technology companies were nearly flat in quieter trading as investors gear up for coming central bank decisions and crucial economic data.

Apple introduced software changes that aim to further expand its reach beyond the iPhone, including by boosting its payment system and car connectivity. The tech giant used the kickoff of its annual Worldwide Developers Conference to preview coming changes to its software for laptops, smartphones and tablets.

It was a mix of morale booster for third-party developers that help fuel the digital ecosystem for its devices and an opportunity to preview how its own software will change later this year when officially rolled out.

China is concluding yearlong probes into ride-hailing giant Didi Global and two other U.S.-listed tech companies, preparing to lift a ban on adding new users, people familiar with the discussion said, in the latest sign that Beijing wants to spur economic activity.

 Write to Amy Pessetto at amy.pessetto@dowjones.com 

(END) Dow Jones Newswires

June 06, 2022 17:44 ET (21:44 GMT)

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