Optimism in the issue of the US debt ceiling also provided support for the global stock market to rise higher.
The S&P 500 and Nasdaq Composite surged on Thursday to record their highest closing levels since August 2022 as investors continued to pay attention to debt ceiling negotiations.
Most recently, Republican House Speaker Kevin McCarthy said he was confident that a deal to raise the debt ceiling could be reached for a vote by the House next week.
Wall Street's 3 major indexes closed positive on Thursday, with the Dow Jones Industrial gaining 0.34% to 33,535.92, while the S&P 500 rose 0.94% to 4,198.06 and the Nasdaq climbed 1.81% to 13,834.62.
Additionally, gains in the Nasdaq were also driven by gains in big tech stocks, with Amazon up more than 2% and Netflix surging 9%.
Not only that, but chip stocks offered another boost to the Nasdaq, with Nvidia rising more than 2% and Micron Technology jumping 5% on news that it helped develop chips in Japan.
Also lifting market sentiment were Walmart's better-than-expected quarterly results and its increased full-year sales forecast.
Meanwhile in Asia, Japan's Nikkei 225 hit its highest level since 1990 driven by strong corporate earnings and confidence in the US debt ceiling deal.
