Shares of technology companies rose as fears of a glut in computer chips eased.
Taiwan Semiconductor Manufacturing shares rallied after it posted July revenue of $7.94 billion, up 45% from the same month last year.
Tech investment firm Vista Equity Partners, whose Cloud Software Group includes top enterprise-software providers Citrix and Tibco, aims to raise around $5 billion to extend its investment in the parent company in what would be, if successful, one of the largest deals ever to cross the secondary market for private-equity stakes.
Online car-rental and sharing service Turo reversed a year-earlier loss to post a profit for the six months that ended June 30 as it moves ahead with plans to float an initial public offering.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
08-09-24 1752ET
