Nvidia, Salesforce Lead Tech Stocks Higher Amid Surprise Profits

Tech stocks led Wall Street higher on Thursday after major players such as Nvidia and Salesforce reported profits that exceeded analyst expectations.

Nvidia, a leader in graphics processing, saw its earnings rise significantly, along with those of other tech giants like Salesforce. The strong performance sent the S&P 500 index up by 0.7%, drawing it closer to its record high set earlier this month.

The Dow Jones Industrial Average also rose, gaining 172 points or 0.3% as of 12:32 p.m. Eastern time. Meanwhile, the Nasdaq composite saw a more substantial increase, rising by 1.4%.