Big Tech shined in morning trading.Apple,Microsoft,Amazon,Google,Facebook and Netflix climbed between 0.7% and 1.4%.
U.S. stocks climbed and the dollar fell after a pickup in hiring last month bolstered confidence in the economy, while a strong rise in hourly wages added to inflation worries.
Megacap technology stocks including Microsoft Corp. and Apple Inc. pushed the Nasdaq 100 toward its best one-day advance in almost two weeks and 10-year U.S. Treasury yields fell below 1.6% after employers added 559,000 jobs last month, just below the average forecast. Investors are assessing what the report means for the strength of the economy and the Federal Reserve’s next steps with monetary policy.
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