Wall Street rallies after Nvidia's results

US stock indices rose on Thursday as strong demand for the technology sector followed Nvidia’s latest quarterly results.

Wall Street also drew solid support from the September nonfarm payrolls report, which showed the US economy added 119,000 jobs — well above expectations of 50,000 and compared with a loss of 4,000 jobs in August.

Chipmakers surged after industry giant Nvidia reported robust third-quarter results and issued upbeat guidance for the current quarter.

As of 15:29 GMT, the Dow Jones Industrial Average jumped 1.5% (685 points) to 46,831. The broader S&P 500 gained 1.8% (122 points) to 6,764, while the Nasdaq Composite advanced 2.4% (540 points) to 23,099.