The Dow Jones Industrials surged 323.89 points to 39,836.02.
The S&P 500 index hiked 34.63 points to 5,259.25,
The NASDAQ rocketed 129.56 points to 16,499.02.
Micron Technology jumped16% on strong earnings and headed for its best day since December 2011. The news lifted the semiconductor sector, with Nvidia, Intel and Taiwan Semiconductor last up more than 2%. Marvell Technology and the VanEck Semiconductor ETF surged 4%.
Megacap tech stocks that led the recent rally also contributed to the session’s gains, with Meta Platforms, Microsoft and Amazon adding at least 1%. Apple bucked the broader tech-driven uptrend, slumping nearly 4% after the Justice Department filed an antitrust lawsuit against the iPhone maker.
Wall Street will monitor earnings reports from FedEx and Nike after the market close.
Thursday’s moves follow a winning day on Wall Street that sent the three major indexes to new closing highs, with the S&P 500 breaking above 5,200 for the first time.
Prices for the 10-year Treasury were higher, lowering yields to 4.27% at Wednesday’s 4.28%.
Oil prices slid 52 cents to $80.75 U.S. a barrel.
Gold prices rallied $17.50 to $2,178.50.