U.S. stocks extended gains in late-morning trade on Thursday, pushing the Nasdaq up more than 1 percent amid optimism about earnings.

Qualcomm Inc raised its outlook.

The Dow Jones industrial average <.DJI> was up 95.53 points, or 0.88 percent, at 10,931.68. The Standard & Poor's 500 Index <.SPX> was up 10.65 points, or 0.91 percent, at 1,178.37. The Nasdaq Composite Index <.IXIC> was up 27.58 points, or 1.15 percent, at 2,426.34.

(Editing by Jeffrey Benkoe)