Nasdaq rose considerably over 600 points Thursday finally, ending a six-day losing streak.
The index was up about 2 percent in trading.
Microsoft stock surged 17 percent on the news 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 by a wide margin.
Analysts noted the tech boost due to strong earnings.
The rally impacted most sectors including energy.
Apple reported iPhone sales surged driven by new models.
The Australian ASX 200 is expected gaining roughly 1 percent after the Wall Street move in line with Wall Street.