Wall Street rebounds after week-long tech rout, Amazon down on AI capex jump
Add BT as a preferred source
[NEW YORK] Wall Street’s main indexes opened higher on Friday (Feb 6) following a bruising sell-off in technology shares through the week, though optimism was tempered by Amazon’s drop after it became the latest Big Tech to ramp up spending on AI infrastructure.
At 09:30 am ET, the Dow Jones Industrial Average rose 307.20 points, or 0.62 per cent, to 49,212.43.
The S&P 500 gained 32.23 points, or 0.50 per cent, to 6,832.11, while the Nasdaq Composite advanced 78.17 points, or 0.35 per cent, to 22,618.76. REUTERS
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Share with us your feedback on BT's products and services
TRENDING NOW
DeepSeek founder Liang Wenfeng becomes the world’s richest AI model creator
What makes a good job? Feeling that you matter
A new kind of ‘ceasefire’ between US and Iran where talks, strikes are part of the same process
Brookfield eyes further Singapore acquisitions after investing close to S$900 million
