6/4, 5:53 PM (Source: TeleTrader)
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Wall Street extends gains, tech shares rally

Shares on Wall Street extended gains on Friday as tech stocks rallied following May's nonfarm payrolls report.

The fresh data revealed an improving labor market in the United States, however, investors relied on recent comments from Federal Reserve officials who are reluctant to withdraw any support to the economy too soon.

The Dow Jones was up 102 points at 11:45 am ET with shares of Salesforce, Microsoft and Intel leading the gains. Meanwhile, the S&P 500 jumped 0.70% to 4,222 points after hitting a high of 4,224.81 earlier. At the same time, the tech-heavy Nasdaq 100 shot up 1.72% as DocuSign soared over 15%.

Breaking the News / JC