Nasdaq climbed significantly 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 on the news after its quarterly report and helped pull up the major U.S. indexes.
Chip makers also advanced amid optimism during the session.
Investors cheered the bounce in the market.
Trading volume was above average by a wide margin.
Analysts pointed out the tech boost in the latest data.
The rally reached most sectors including finance.
Apple stated iPhone sales surged driven by new models.
The Australian ASX 200 is expected gaining roughly 1 percent after the Wall Street move reflecting global sentiment.