New Delhi, Feb. 6 -- Major US stock indices bounced back on Friday, led by chip companies following sharp selloff this week.

At the open, the S&P 500 jumped rose 0.9%. The Dow Jones Industrial Average climbed 1.2%, and the Nasdaq Composite soared 0.8%.

Key Stock Movers

Amazon shares plunged around 9% on worries about artificial intelligence spending. On Thursday, the company announced its plans to spend about $200 billion in 2026 as it builds up AI capacities.

Published by HT Digital Content Services with permission from MINT....