Tech Stocks Surge on Surprising Earnings Reports

Technology stocks are leading Wall Street on Thursday after several major companies reported better-than-expected profits for the spring. Nvidia, Salesforce, and others have exceeded analysts' expectations with their quarterly earnings.

The S&P 500 index added 0.4% to its value, drawing closer to its all-time high set earlier this month. Meanwhile, the Dow Jones Industrial Average was down by 29 points, or 0.1%, as of 9:35 a.m. Eastern time.

The Nasdaq composite was 1.1% higher due to the strong performance of tech stocks. This trend suggests that investors remain optimistic about the sector's prospects despite some uncertainty in the global economy.