US markets surged yesterday, led by technology shares and reopening trades.

So, the Dow Jones Industrial Average climbed 361 points, or 1.1 percent, to end at 34,382.

The S&P 500 added 61 points, or 1.5 percent, to clost at 4,1743. And the tech-heavy Nasdaq Composite jumped 305 points, or 2.3 percent, to 13,430.

Stocks advanced even after data showed consumer purchases slowed down last month. US retail sales unexpectedly stalled in April as the boost from stimulus checks faded, but an acceleration is likely in the coming months amid record savings and a reopening economy.

US households have accumulated at least 2.3 trillion dollars in excess savings during the coronavirus pandemic, which should underpin spending this year.

Meanwhile, consumer spending, which accounts for more than two-thirds of US economic activity, expanded at a 10.7% annualized rate in the first quarter.

Tech stocks were the biggest outperformers on Friday.

Tesla shot more than 3 percent.

Facebook jumped 3.5 percent, while Alphabet and Microsoft rose more than 2 percent, each. Apple, Amazon and Netflix also all climbed over 1 percent each.