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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) 0.31% 0.74 Delayed Quote.-4.28%
BITCOIN - EURO -0.28% 33685.43 Real-time Quote.39.89%
BITCOIN - UNITED STATES DOLLAR -0.22% 39978.7 Real-time Quote.35.09%
BRITISH POUND / US DOLLAR (GBP/USD) 0.39% 1.3956 Delayed Quote.1.52%
CANADIAN DOLLAR / US DOLLAR (CAD/USD) 0.48% 0.8019 Delayed Quote.1.14%
DJ INDUSTRIAL -0.36% 34930.93 Delayed Quote.14.83%
EURO / US DOLLAR (EUR/USD) 0.23% 1.18725 Delayed Quote.-3.22%
INDIAN RUPEE / US DOLLAR (INR/USD) 0.30% 0.013463 Delayed Quote.-1.96%
NEW ZEALAND DOLLAR / US DOLLAR (NZD/USD) 0.43% 0.69913 Delayed Quote.-3.02%
SQUARE, INC. 2.73% 258.61 Delayed Quote.18.82%
TWITTER, INC. 2.39% 69.96 Delayed Quote.29.20%
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