Australian technology stocks continue to rise, with an increase of as much as 1.4%, reaching their highest level since the end of September.

This sub-index appears to be on track for a second consecutive session of gains.

The increase comes after an overnight Wall Street rally, propelled by dovish comments from U.S.

Federal Reserve officials.

This subsequently pushed Treasury yields down as traders kept a watchful eye on rising tensions in the Middle East.

Alongside this, ASX-listed shares of Block (ASX:SQ2) saw a jump of as much as 4.1%, which, if the trend holds, will set them up for their best intra-day gains since mid-July.

Xero’s (ASX:XRO) shares also saw an increase of up to 1.9%, while WiseTech Global (ASX:WTC) saw increases of up to 1.5%.

Block’s shares have risen about 24% this year, as of latest market close.

Block (ASX:SQ2) is a technology-focused company listed on the Australian Stock Exchange.