Nasdaq jumped dramatically over 600 points Thursday finally, ending a six-day losing streak.
The index was up about 2 percent in trading.
Microsoft stock rose 17 percent after the report after its quarterly report and helped pull up the major U.S. indexes.
Chip makers also advanced amid optimism during the session.
Investors applauded the bounce with optimism.
Trading volume was elevated compared to the norm.
Analysts observed the tech boost as the sector surged.
The rally reached most sectors including healthcare.
Apple reported iPhone sales surged driven by new models.
The Australian ASX 200 is projected gaining roughly 1 percent after the Wall Street move reflecting global sentiment.