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5/24, 5:31 PM (Source: TeleTrader)
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US stocks keep rising, tech trading picks up

United States major equity markets extended gains on Monday as technology and communication companies turned green. As Amazon shares grew, the company's founder Jeff Bezos reclaimed his place as the world's richest man, only hours after Berard Arnault beat him in the Forbes' Real-Time Billionaires list.

Meanwhile, the rising inflation remains in focus as Federal Reserve Board of Governors member Lael Brainard said that the inflation is temporary, but its rate is expected to increases further "in the coming months" due to growing demand as well as disruptions in supply chains.

The Dow gained 0.71% or 240 points, while the S&P 500 grew by 1.12% at 11:31 am ET. At the same time, the Nasdaq 100 advanced by 1.80% or 242 points.

Breaking the News / LH