Overview
- S&P 500 jumped about 2% for its best day since May, while the Nasdaq rose roughly 2% and the Dow gained 2.5% to 50,115.67.
- Chip leaders powered the rally, with Nvidia up about 7.8%, Broadcom up 7.1%, and AMD up more than 8% on expectations for heavy AI data-center spending.
- Bitcoin rebounded roughly 11% to near $70,000, boosting crypto-exposed stocks including Coinbase, Robinhood, and MicroStrategy.
- Amazon shares fell more than 5% after the company outlined plans to invest about $200 billion, prompting questions about returns on massive AI and infrastructure outlays.
- Despite Friday’s snap-back, the S&P 500 still ended the week lower, marking its third weekly decline in the past four.