The U.S. stock market closed higher on Thursday, with all three major indices posting gains, led by the Nasdaq Composite. The S&P 500 rose 0.72% to 7,730.99, the Dow Jones Industrial Average gained 0.20% to 53,569.44, and the Nasdaq Composite surged 1.57% to 26,541.35. The broad-based rally was driven by strong performances in the technology sector, particularly Nvidia and Salesforce, which reported earnings that exceeded expectations. Nvidia's revenue outlook, which lifted chip stocks, was a key factor in the Nasdaq's sharp advance. The market's tone was decidedly risk-on, with investors likely feeling more optimistic about the economic outlook following the positive earnings reports.

The headlines highlighted the significant impact of Nvidia's earnings on the market. The company's stock jumped after it beat expectations, contributing to the Nasdaq's sharp rise. Salesforce's shares also surged, further boosting the Dow's performance. The market's focus on technology stocks was evident, with Nvidia crossing a new buy point and Marvell Technology's results on tap. While the S&P 500 and Dow also rose, the Nasdaq's performance was particularly notable, reflecting the sector's strength. The market's rally was also influenced by the Jackson Hole symposium, which got underway as the session closed. Overall, the market's performance was characterized by a tech-fueled rally, with a risk-on tone prevailing.