Kathmandu. Markets were buoyed by signs that the Middle East conflict may be on the verge of an end and strong earnings reports from tech companies boosted investor sentiment.

The major U.S. Industrial Stock Index rose 612.34 points to 49,910.59. The broader market index rose 105.90 points to close at 7,365.12 points, while the technology-focused stock index climbed 512.81 points to 25,838.94.

Out of 11 major sectors, 9 saw increases. The industrial and technology sectors are the most profitable. The industrial sector grew by 2.60 percent and the technology sector by 2.56 percent. The energy and public service sectors decreased by 4.07 percent and 1.45 percent, respectively.

Markets have weighed heavily on news that the United States and Iran are making progress toward an agreement to end the Middle East war. This has reduced the price of oil and boosted investor confidence.

At the same time, the better-than-expected profit report of the companies has also strengthened the market. About 85 percent of the major companies that published the report have made profit more than expected, while about 77 percent of the companies have reported better than estimates.

In the technology sector, shares of chipmakers and equipment manufacturers have risen significantly.

Shares of auto service providers, healthcare companies and entertainment companies also rose significantly.

Shares of some pharmaceutical companies have risen, while shares of fast-food companies have fallen.

Shares of the semiconductor design company rose 13.63% before the earnings report was released.

Now, investors are taking a closer look at new jobs data that will be released on Thursday.