Nasdaq jumps 2.8% as AMD stock rallies ahead of Q2 report
The Nasdaq surged 2.8% on Thursday, driven by strong earnings reports from Microsoft and Lam Research.
The rally came after an ambiguous Federal Reserve press conference sparked a sell-off on Wednesday.
AMD stock also rebounded, ahead of its Q2 earnings report, as investors await results from other key companies including SpaceX and Eli Lilly.