Nvidia Earnings Lift Tech Sector, Global Markets Respond

Nvidia's strong earnings report boosted the technology sector, leading to gains in global stock indexes on Thursday. The S&P 500 technology sector rose 3.4%, making it the sole gainer among Wall Street industry indexes.

The Dow Jones Industrial Average increased by 105.56 points, or 0.20%, to 53,569.44, while the S&P 500 gained 55.29 points, or 0.72%, to 7,730.99.

Matt Miskin, co-chief investment strategist at Manulife John Hancock Investments, described Nvidia's report as 'the icing on the cake of one of the best earnings seasons in corporate American history.'