US stocks surged on Thursday as blockbuster Nvidia (NVDA) earnings helped rekindle faith in the AI trade, and rate-cut hopes brightened after the release of the long-awaited September jobs report. Nvidia stock surged nearly 5% in early trading after the chipmaker delivered an earnings beat and issued a stronger-than-expected revenue outlook for the fourth quarter.

The Dow Jones index rallied Thursday as Nvidia surged on earnings. The September jobs report came out better-than-expected.

The S&P 500, a broad measure of stocks, gained 1.5% as trading opened. The tech-heavy Nasdaq jumped 2%, but later backed down slightly from its high. The Dow Jones Industrial Average rallied 600 points, around 0.8%.

The U.S. added a larger-than-expected 119,000 jobs. Follow along for live updates on the Dow, S&P 500 and Nasdaq and other markets.

This article will be updated throughout the day, so check back often for more daily updates. Everything that could go right to drive the stock market higher today, appears to be going right, and the Vanguard S&P 500 ETF (NYSEMKT: VOO) is up 1.

After a 76-day wait, data-starved investors finally got their hands on an official jobs report from the Bureau of Labor Statistics this morning.

The Sooners led big early, then stumbled, but recaptured the lead with takeaways and field goals, and got one final stop to beat the Tide again.