India, April 26 -- After ending the previous session off their worst levels but still mostly lower, stocks have shown a strong move to the upside during trading on Friday. Technology stocks have helped lead the advance, resulting in a surge by the tech-heavy Nasdaq.

Currently, the Nasdaq is hovering near its best levels of the day, up 299.78 points or 1.9 percent at 15,911.54. The S&P 500 is also up 50.65 points or 1.0 percent at 5,099.07, while the narrower Dow is posting more modest gain, up 125.98 points or 0.3 percent at 38,211.78.

The rally on Wall Street comes amid a positive reaction to some of the latest earnings news from big-name tech companies.

Shares of Alphabet (GOOGL) have surge by 9.9 percent after the Google parent report...