U.S. stock market review: tech giants surged together, leading to a major rally in the U.S. stock market, with S&P hitting the biggest single-day gain so far this year.

The three major U.S. stock indexes opened higher on Thursday and continued to rise, with gains of at least 1% during the trading session. The Nasdaq Composite Index surged by over 1% at the opening, reaching a new daily high at noon. $Nasdaq Composite Index (.IXIC.US)$ Rising by 2.43%. $S&P 500 Index (.SPX.US)$ Rose nearly 2%. $Dow Jones Industrial Average (.DJI.US)$ Rising nearly 1.6%. Finally, the three major indexes collectively closed higher this week, with the S&P and Dow ending a two-day decline, while the Nasdaq rose for two consecutive days.

Nasdaq rose by 2.43%, marking its largest increase since March 16, at 12,142.24 points, setting a new closing high since last Wednesday, April 19. The S&P rose by 1.96%, at 4,135.35 points, breaking the closing downside since March 30, which was established for two consecutive days until Wednesday. The Dow, which had declined for two consecutive days until March 31 since the low point of March 31, rose by 524.29 points, an increase of 1.57%, at 33,826.16 points, meeting the largest increase since the publication of the December US non-farm payrolls report on January 6, nullifying almost all the declines of the first three days of this week.

technology stocks-dominated $NASDAQ 100 Index (.NDX.US)$ rose by 2.76%, marking the largest increase since January 20, rising for two consecutive days since March 31, outperforming the market for two consecutive days. Small cap indexes, mainly composed of value stocks, $Ishares Russell 2000 Value Etf (IWN.US)$ rose by 1.53%, bidding farewell to the low point set on March 23 after three consecutive days of decline.

S&P 500 sectors all closed higher, except for those rising more than 0.3% $Energy Select Sector SPDR Fund (XLE.US)$ Up by 0.5% $The Health Care Select Sector SPDR® Fund (XLV.US)$ In addition, other sectors rose by at least 1%. Meta, located in $The Communication Services Select Sector SPDR® Fund (XLC.US)$ rose by 5.81%, far outperforming other sectors, Amazon, located in $Consumer Discretionary Select Sector SPDR Fund (XLY.US)$ rose by nearly 2.7%, $Real Estate Select Sector Spdr Fund (The) (XLRE.US)$ and Microsoft, located in $The Technology Select Sector SPDR® Fund (XLK.US)$ both rose by over 2%. $Industrial Select Sector SPDR Fund (XLI.US)$rose by nearly 2%, $Financial Select Sector SPDR Fund (XLF.US)$ ， $Materials Select Sector SPDR ETF (XLB.US)$ ， $Utilities Select Sector SPDR Fund (XLU.US)$ ， $Consumer Staples Select Sector SPDR Fund (XLP.US)$ Rising by 1.61% to -1.12%.

Popular technology stocks are generally up. $Meta Platforms (META.US)$ Rising nearly 14%. $Tesla (TSLA.US)$ 、 $Amazon (AMZN.US)$ Increased by over 4% $Alphabet-C (GOOG.US)$ 、 $Microsoft (MSFT.US)$ Rises by more than 3%. $Apple (AAPL.US)$ Rise by 2.84%, $Netflix (NFLX.US)$ Rise by 1.46%.

Autos manufacturing, telecommunication services, streaming media sectors are on the rise, $Lucid Group (LCID.US)$ Surged over 13%, $Comcast (CMCSA.US)$ Rising more than 10%. $Fisker (FSR.US)$ Rise more than 9%, $Toyota Motor (TM.US)$ 、 $Honda Motor (HMC.US)$ Rising more than 2%. Petroleum and infrastructure stocks are falling. $Nabors Industries (NBR.US)$ Dropped nearly 5%. $Petroleo Brasileiro SA Petrobras (PBR.US)$ Fell over 2%.

Amazon's first-quarter performance, AWS performance exceeded expectations, with a steady second-quarter guidance, rising more than 11% in after-hours trading before turning lower.
After the Thursday trading session, e-commerce giant Amazon released its first-quarter report. $Amazon (AMZN.US)$ The net sales in the first quarter were $127.36 billion, analysts expected $124.7 billion; operating profit in the first quarter was $4.77 billion, analysts expected $3 billion. The company expects second-quarter net sales of $127-133 billion; operating profit in the second quarter is expected to be $2-5.5 billion, both exceeding analysts' expectations.
In response to current hot topics, Amazon CEO Andy Jassy stated that while AWS investment is affected by the macro environment, the company will continue to prioritize building long-term customer relationships, helping customers save money and making it easier for them to utilize large language models and AI generation technologies.
Although the financial report itself exceeded expectations, Amazon's stock suddenly plunged after initially rising more than 10% in after-hours trading. As of the time of writing, the stock price has turned lower after-hours.
Intel posted its largest loss in history in the first quarter, with revenue plummeting by 30%, and its stock price oscillating higher in after-hours trading.
$Intel (INTC.US)$ The first-quarter report released after Thursday trading showed Intel's adjusted revenue of $11.72 billion, higher than analysts' expected $11.11 billion. Adjusted loss per share was 4 cents, also better than analysts' expectations. As of the time of writing, Intel's stock has risen 6.50% after hours.

US chip maker eli lilly and co concurrently expects second-quarter sales to be between $11.5 billion and $12.5 billion, with the midpoint exceeding analysts' average estimate of $11.7 billion, the adjusted EPS still at a loss of 4 cents. Intel said the PC market is becoming more stable, with an overall shipment volume of about 0.27 billion units in 2023; however, servers and network equipment have not bottomed out yet and may not begin to recover until the second half of the year.

pharmaceutical giant $Eli Lilly and Co (LLY.US)$ On Thursday, the latest clinical trial results of the GLP-1 drug Tirzepatide were announced on the official website. Among 938 overweight adults with type 2 diabetes, those who injected 10 mg of Tirzepatide per week for 72 weeks averaged a weight loss of nearly 30 pounds, while those who injected 15 mg per week averaged a weight loss of 34 pounds, with weight loss effects comparable to surgery.