Wall Street's main indexes closed higher on Thursday, with the Nasdaq up more than 2% after the United States (US) retail sales data was published.
Sales growth in July signaled resilient consumer spending, easing fears of an impending recession in the world's largest economy.
In other trading on Thursday, the Dow rose 1.39% and the S&P 500 jumped 1.61%.
Nine of the S&P's 11 sectors ended higher, led by the consumer, technology and materials sectors.
Megacap technology companies posted strong gains, including Nvidia (4.1%), Amazon (4.4%), Meta Platform (2%), Broadcom (5.4%) and Tesla (6.3%).
Cisco also gave a bullish revenue forecast, sending its shares up 6.8%, while Walmart rose 6.6% after beating revenue and revenue expectations.
Data earlier this week also showed signs of lower inflation, boosting confidence that the Federal Reserve will begin cutting interest rates in September.
