Overview
- The S&P 500 rose 1.7%—its strongest daily gain since May—while the Nasdaq added about 1.9%, and the S&P set a record earlier this week.
- Semiconductor shares led the rebound as Nvidia and Broadcom jumped roughly 7% each, with buyers rotating into industrials and financials including Caterpillar up 6% and Goldman Sachs up 4%.
- Amazon shares fell about 7–8% after the company outlined roughly $200 billion in 2026 capital spending focused on artificial intelligence, chips, robotics and low‑Earth‑orbit satellites.
- Bitcoin rebounded above $70,000 after a steep midweek slide, lifting crypto‑linked stocks along with broader risk assets.
- Analysts highlighted a broadening rally that has helped the Dow outpace other benchmarks this year, while cautioning about elevated valuations, geopolitics and uncertainty over Federal Reserve policy.