Wall Street’s major indexes posted solid gains Thursday, driven by robust earnings from Nvidia and a surprisingly resilient U.S. jobs report. 

Nvidia surged approximately 3.6% after it beat third-quarter revenue expectations and projected higher-than-expected year-end sales. CEO Jensen Huang dismissed fears of an AI bubble, saying the company “sees something very different”. 

Meanwhile, the U.S. jobs data revealed that the labour market added more jobs than forecast, though the unemployment rate ticked up to 4.4 %. 

The market reaction was strong: the Dow Jones Industrial Average rose around 1.3 %, the S&P 500 climbed about 1.6 %, and the Nasdaq Composite advanced roughly 2.2 %. 

Tech stocks led the rally, with semiconductor and chip-related names such as Advanced Micro Devices and Broadcom among the beneficiaries. 

For investors, the dual boost of earnings and jobs data is a positive sign: companies are showing strength, and the employment backdrop isn’t collapsing. That said, the mixed nature of the data (jobs up, unemployment also up) leaves open questions for policymakers, especially around future interest-rate decisions.