Wall St rebounds after week-long tech rout, Amazon down on AI capex jump

Wall Street's main indexes opened higher on Friday following a bruising selloff 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 a.m. ET, the Dow Jones Industrial Average rose 307.20 points, or 0.62 percent, to 49,212.43. The S&P 500 gained 32.23 points, or 0.50 percent, to 6,832.11, while the Nasdaq Composite advanced 78.17 points, or 0.35 percent, to 22,618.76.

REUTERS