Overview
- The Dow jumped 1,206 points to 50,115.67 as the S&P 500 rose about 2% for its best day since May and the Nasdaq gained roughly 2.2%.
- Chipmakers led the advance, with Nvidia up about 7.8% and Broadcom up roughly 7.1%, while software and AI-infrastructure names also rebounded.
- Amazon fell about 5% after outlining roughly $200 billion of 2026 investment tied to AI, chips, robotics, and satellites, even as suppliers rallied.
- Bitcoin recovered to near $70,000 after briefly testing around $60,000 the prior session, boosting crypto-linked stocks such as Coinbase, Robinhood, and Strategy.
- A six-month high in University of Michigan consumer sentiment and cautious but mixed Fed remarks helped steady risk appetite.