The Dow Jones Industrials recovered 226.9 points to open Thursday at 41,318.
The S&P 500 regained 26.62 points to 5,618.80.
The tech-heavy NASDAQ gained 106.92 points to 17,662.95.
Nvidia was down 2% after posting its latest earnings Wednesday afternoon. In its fiscal second quarter, the AI chipmaker exceeded expectations on the top and bottom lines, and issued a rosy current-quarter sales outlook.
That decline was offset by a pop in Salesforce. Shares traded nearly 2% higher after the business software giant beat fiscal second-quarter estimates and raised its full-year profit outlook.
Economic data released Thursday lent support to the stock market. Weekly jobless claims fell from the prior week, further easing recession concerns. In addition, second-quarter gross domestic product was revised higher to 3% growth from an initial 2.8% rate.
Prices for the 10-year Treasury inched lower, raising yields to 3.87% from Wednesday’s 3.84%. Treasury prices and yields move in opposite directions.
Oil prices regained $2.15 to $76.67 U.S. a barrel.
Gold prices hiked $15.40 to $2,553.20.