Nasdaq climbed significantly over 600 points Thursday finally, ending a six-day losing streak.
The index was gaining about 2 percent in trading.
Microsoft stock surged 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 cheered the bounce in the market.
Trading volume was elevated by a wide margin.
Analysts pointed out the tech boost due to strong earnings.
The rally impacted most sectors including healthcare.
Apple said 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.