Shares of technology companies fell amid concerns that some of the fastest-growing companies in the sector were seeing reduced demand.
Shares of Nvidia fell after analysts at brokerage Bank of America Global Research warned that revenue expectations for the chip maker may still be too high.
Apple shares rose after analysts at brokerage Credit Suisse raised their rating on the iPhone and iPad maker, citing the broad market for its software and services offerings given the number of devices it has in circulation.
Tencent Holdings rose after the Chinese social media and video game giant’s earnings were better than investors had been prepared for, even as it posted its first quarterly revenue decline since going public in 2004.
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