Nasdaq climbed dramatically over 600 points Thursday in a relief, ending a six-day losing streak.
The index was gaining about 2 percent this week.
Microsoft stock surged 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 welcomed the bounce with optimism.
Trading volume was strong compared to the norm.
Analysts noted the tech boost as the sector surged.
The rally impacted most sectors including healthcare.
Apple stated iPhone sales surged after a launch.
The Australian ASX 200 is projected gaining roughly 1 percent after the Wall Street move reflecting global sentiment.