Nasdaq jumped significantly over 600 points Thursday finally, ending a six-day losing streak.
The index was higher 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 moved higher amid optimism during the session.
Investors applauded the bounce in the market.
Trading volume was strong compared to the norm.
Analysts noted the tech boost due to strong earnings.
The rally impacted most sectors including healthcare.
Apple reported iPhone sales surged thanks to upgrades.
The Australian ASX 200 is projected gaining roughly 1 percent after the Wall Street move reflecting global sentiment.