The Dow Jones Industrials picked up from where it left off Wednesday, galloping 287.94 points to begin Thursday at 35,448.73.
The S&P 500 recovered 44.35 points to 4,503.80.
The NASDAQ Composite revived 173.6 points, or 1.3% to 13,626.42.
Tesla rose more than 9% after better-than-expected earnings. Those numbers were propelled in part by strong car deliveries in the quarter. Several analysts lauded Tesla after the release, with one calling it a “core holding.”
United added 8% after the airline forecast a profit in 2022.
More than 17% of S&P 500 companies have reported earnings through Thursday’s open, with nearly 81% of those names beating analyst expectations.
Snap is among the companies set to report earnings after the bell Thursday.
Investors were also looking to a speech from Powell, who will talk at 1 p.m. ET during the International Monetary Fund Debate on the Global Economy.
In economic data, initial jobless claims came in slightly higher than expected at 184,000 for the week ending April 16, showing a decline of 2,000. Dow Jones analysts estimated 182,000 first-time claims.
Treasury prices fell, raising yields to 2.89%, from Wednesday’s 2.84%. Treasury prices and yields move in opposite directions.
Oil prices added $1.75 at $103.94 U.S. a barrel.
Gold prices faltered $10.10 to $1,945.50 U.S. an ounce.