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Tech Up As Fed Hopes Spur Risk Appetite -- Tech Roundup

05/07/2021 | 04:10pm EDT

Shares of technology companies rose as a weak jobs report was viewed as staying the Federal Reserve's hand on removing any monetary stimulus.

The Fed's easy-money policy has encouraged risk taking, boosting demand for tech stocks.

Shares of Square rallied after the financial-technology concern posted brisk quarterly profit growth. Chief Executive Jack Dorsey said the company, which made its name making point-of-sale technology, is investing in operations that facilitate payment in bitcoin, which Mr. Dorsey has called "the native currency of the Internet."

 Write to Rob Curran at rob.curran@dowjones.com 

(END) Dow Jones Newswires

05-07-21 1810ET

Stocks mentioned in the article
ChangeLast1st jan.
AUSTRALIAN DOLLAR / US DOLLAR (AUD/USD) -1.01% 0.74808 Delayed Quote.-1.78%
BITCOIN - EURO -3.97% 28804.57 Real-time Quote.27.84%
BITCOIN - UNITED STATES DOLLAR -4.06% 34077.61 Real-time Quote.23.87%
BRITISH POUND / US DOLLAR (GBP/USD) -0.96% 1.38032 Delayed Quote.1.93%
CANADIAN DOLLAR / US DOLLAR (CAD/USD) 0.00% 0.8015 Delayed Quote.3.16%
DJ INDUSTRIAL -1.58% 33290.08 Delayed Quote.10.51%
EURO / US DOLLAR (EUR/USD) -0.45% 1.18592 Delayed Quote.-2.47%
INDIAN RUPEE / US DOLLAR (INR/USD) 0.00% 0.013488 Delayed Quote.-1.50%
NEW ZEALAND DOLLAR / US DOLLAR (NZD/USD) -1.16% 0.6933 Delayed Quote.-2.33%
SQUARE, INC. 0.39% 237.05 Delayed Quote.8.92%
TWITTER, INC. 0.23% 60.85 Delayed Quote.12.37%
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