India, July 31 -- Following the lackluster performance seen over the course of the previous session, stocks have moved sharply higher during trading on Thursday. With the upward move, the Nasdaq and the S&P 500 have reached new record intraday highs.
Currently, the tech-heavy Nasdaq is up 209.54 points or 1.0 percent at 21,339.21 and the S&P 500 is up 40.53 points or 0.6 percent at 6,403.43. The narrower Dow is posting a more modest gain, up 96.00 points or 0.2 percent at 44,557.28.
The strength on Wall Street comes following the release of upbeat earnings news from tech giants Meta Platforms (META) and Microsoft (MSFT).
Facebook parent Meta Platforms is soaring by 11.5 percent after the company reported better than expected second quart...