Shares of technology companies rose, and the Nasdaq 100 index of mega-cap tech stocks came within 0.5% of all-time highs, as geopolitical worries subsided.
Prosus, Tencent Holdings' largest shareholder, posted higher revenue and earnings for its fiscal year, boosted by growing profitability at its e-commerce operations and investments in artificial intelligence.
U.S. semiconductor supplier Wolfspeed signed a restructuring deal with top creditors to cut roughly $4.6 billion in debt from its balance sheet through a bankruptcy filing.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
06-23-25 1737ET
