(Updates with market moves at the end of the day, and other changes, if any.)
The Nasdaq Composite rose the most in more than three weeks on Thursday as post-earnings rallies in shares of Nvidia (NVDA) and other technology players helped lift sentiment on Wall Street.
The tech-heavy index closed 1.6% higher at 26,541.35, logging its biggest single-day percentage gain since Aug. 4. The S&P 500 climbed 0.7% to 7,730.99, while the Dow Jones Industrial Average advanced 0.2% to 53,569.44.
Tech was the only sector that ended in the green, up 3.4%, while consumer staples saw the steepest decline.
Nvidia shares jumped 8.7%, the second-biggest gain on the Dow, as the tech bellwether's fiscal second-quarter results more than doubled from a year earlier and topped Wall Street's expectations late Wednesday amid record data center sales.
Nvidia expects fiscal 2028 revenue to grow about 70% year over year. That, according to Morgan Stanley, was a surprisingly strong sales outlook.
Salesforce (CRM) shares soared nearly 23%, the best performer on both the S&P 500 and the Dow. The customer relationship management platform late Wednesday increased its full-year revenue guidance after delivering a fiscal second-quarter beat.
CrowdStrike (CRWD) surged nearly 21%, the second-biggest rise on the S&P 500. The company late Wednesday raised its full-year annual recurring revenue outlook amid increasing demand for cybersecurity solutions. CrowdStrike reported better-than-expected fiscal second-quarter results.
Hormel Foods (HRL) was the worst performer on the S&P 500, down 10%. The company lowered its fiscal 2026 sales outlook as it reported mixed third-quarter results, with the top-line pressured amid a challenging consumer environment.
US Treasury yields were little changed, with the two- and 10-year yields at 4.23% and 4.67%, respectively.
The annual economic policy symposium at Jackson Hole, Wyoming, kicked off Thursday, with Federal Reserve Chair Kevin Warsh slated to speak Friday morning.
Cleveland Fed President Beth Hammack said in a CNBC interview Thursday that the Federal Open Market Committee should act now to cool inflation.
Hammack was one of the three regional Fed presidents who dissented on the FOMC's decision to keep interest rates steady last month. All three called for a rate hike of 25 basis points.
Markets are currently pricing in a 66% probability that the FOMC will keep the benchmark lending rate steady next month, with the remaining odds in favor of a 25-basis-point increase, according to the CME FedWatch tool.
West Texas Intermediate crude oil rose 1.8% to $83.69 a barrel in Thursday late-afternoon trade, while Brent advanced 2.2% to $89.75.
Iran and Oman are working on finalizing a deal that will see both countries share control of the Strait of Hormuz, Reuters reported.
Spot gold edged up 0.3% to $4,605.11 per troy ounce, while silver gained 2% to $70.18 per ounce.
