While intraday trading was a mix for the major indices, the stock market closed on a positive note. The S&P 500 was up 0.4% at the close, buoyed by Block and energy stock GE Vernova.The tech-heavy Nasdaq Composite fared well on the much-anticipated Nvidia earnings,

Follow all the latest U.S. market action for Thursday here to see if well-received earnings from Nvidia can revive the bull run in stocks.

AI pioneer Nvidia was again the heaviest weight on the market. The chipmaker's drop of 3.2% brought its loss for the month to nearly 11%, putting it in "correction" territory, or when a stock falls at least 10% from its previous high. The company is scheduled to report is third-quarter financial results on Wednesday.

Indian stocks traded firmer on Thursday, with the Sensex and Nifty buoyed by a renewed wave of foreign inflows and a broad risk-on mood across Asia after Nvidia’s blowout earnings turbocharged global tech shares.

Sensex jumps 400 points, Nifty 50 ends near 26,200— 10 key highlights from the Indian stock market today (This is a developing story. Please check back for fresh updates.)

On Wednesday, benchmark indices Sensex and Nifty ended sharply higher supported by a strong uptick in IT stocks that helped lift overall market sentiment.

That makes the company popular among American consumers, but this country's stock pundits are a different story. Wednesday morning one of them, Bernstein SocGen's Robin Zhu, rerated PDD stock as a market perform (hold, in other words), one peg down from his preceding outperform (buy).