CNBC's Jim Cramer said that Thursday's rally is thanks to a batch of strong company earnings.
"I've said over and over again that during earnings season, what matters is companies and the CEOs with the smarts to direct them," he said.
Cramer said that contrary to what many might believe, the economic data didn't drive the trading session's rallies.
We're in earnings season, for heaven's sake," he said, adding, "Stocks did well today because many of them delivered good numbers."
If you watched the individual companies, these moves would be a lot less surprising," Cramer said.