Mumbai, Sept. 19 -- The tech-heavy Nasdaq led the way higher, jumping 209.40 points (0.9%) to 22,470.73. The S&P 500 also climbed 31.61 points (0.5%) to 6,631.96 while the Dow rose 124.10 points (0.3%) to 46,142.42.

Technology stocks helped lead the markets higher amid a spike by shares of Intel (INTC), with the chipmaker skyrocketing by 22.8% to its best closing level in over a year. Intel's rally took place after it announced a collaboration with Nvidia (NVDA) to jointly develop multiple generations of custom data center and PC products. Nvidia jumped by 3.5% after moving to the downwards over the past few sessions, will invest $5 billion in Intel's common stock at a purchase price of $23.28 per share. Cybersecurity technology company ...