6/21, 4:52 PM (Source: TeleTrader)
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US markets continue rally as Dow gains more than 500 pts

Shares on Wall Street continued their rally on Monday, with the Dow Jones gaining 520 points at 10:50 am ET.

The blue-chip average further extended its gains at 10:54 am ET, increasing 1.59% or 530 points. Meanwhile, the S&P 500 also rose 1.21% at 10:55 am ET, while the Nasdaq 100 traded 0.48% higher at the same time.

Earlier, Federal Reserve members Jim Bullard and Robert Kaplan were both optimistic about the prospects of the economy in the United States, with them respectively saying that the country will have a strong labor market and predicting a GDP growth up to 6.5%.

Breaking the News / OL