Major US stock indices bounced back on Friday, led by chip companies following sharp selloff this week.
At the open, the S&P 500 jumped rose 0.9%. The Dow Jones Industrial Average climbed 1.2%, and the Nasdaq Composite soared 0.8%.
Amazon shares plunged around 9% on worries about artificial intelligence spending. On Thursday, the company announced its plans to spend about $200 billion in 2026 as it builds up AI capabilities.
