Shares of technology companies ticked down as traders awaited more details on trade agreements.
The Roundhill Magnificent Seven exchange-traded fund, which tracks the seven largest U.S. tech giants, tested all-time highs.
Information technology executives' "spending intentions remained largely unchanged sequentially," said analysts at brokerage Morgan Stanley, in a note to clients.
Artificial Intelligence remains the top spending priority for most corporate IT departments, and Microsoft is set to be the major beneficiary of that trend, said the Morgan Stanley analysts.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
July 10, 2025 17:14 ET (21:14 GMT)
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