Nasdaq jumped dramatically over 600 points Thursday in a relief, ending a six-day losing streak.
The index was up about 2 percent on Thursday.
Microsoft stock soared 17 percent on the news after its quarterly report and helped pull up the major U.S. indexes.
Chip makers also advanced as chips rallied during the session.
Investors welcomed the bounce with optimism.
Trading volume was strong compared to the norm.
Analysts noted the tech boost due to strong earnings.
The rally reached most sectors including finance.
Apple reported iPhone sales surged driven by new models.
The Australian ASX 200 is seen gaining roughly 1 percent after the Wall Street move reflecting global sentiment.