Wall Street stocks closed sharply higher on Thursday, led by strong earnings reports from Microsoft and Meta Platforms that exceeded analysts' expectations. The Nasdaq Composite surged 1.52%, the S&P 500 rose 0.63%, and the Dow Jones Industrial Average gained 0.21%, marking the eighth consecutive session of gains for the Dow and S&P 500. The robust results helped ease concerns about a slowdown in artificial intelligence spending amid ongoing tariff uncertainties linked to President Trump's trade policies. Additionally, optimism around a potential easing of Sino-US trade tensions contributed to sustained market gains into Friday. Positive economic data further supported the rally, with Wall Street extending its winning streak for a second consecutive week. However, some tech stocks like Apple saw declines due to weaker-than-expected services revenue. Overall, the market showed resilience driven by megacap technology companies and hopes for improved US-China trade relations.