Overview
- Stocks logged their strongest day since May, with the Dow closing up 1,206.95 points, or 2.5%, at 50,115.67 as the S&P 500 rose about 2% and the Nasdaq gained roughly 2.2%.
- Chipmakers led the rebound as Nvidia jumped 7.8% and Broadcom rose 7.1%, with AMD up 8.3% on expectations that AI build-outs will drive demand.
- Amazon fell 5.6% after outlining roughly $200 billion in 2026 investments, including a sharp increase in AI-related infrastructure spending, even as those plans buoyed chip stocks.
- Traders treated the week’s sell-off as a buying opportunity in beaten-down tech and software, with the sector’s ETFs and major names rebounding.
- Bitcoin reversed its slide, climbing back above $70,000 after testing $60,000 on Thursday, and crypto-linked stocks such as Robinhood and Coinbase surged.