Wall Street Rebounds As Tech Stocks Recover

Wall Street rebounds Friday as the Dow surged 872 points midday and the S&P 500 rose 1.3%, with the Nasdaq up 1.4%. Chip leaders Nvidia (+4.9%) and Broadcom (+3.8%) climbed on hopes of large AI-related semiconductor spending, while Amazon said it expects about $200 billion in investments this year; bitcoin steadied near $68,000 after a drop to roughly $60,000. Improved University of Michigan consumer sentiment also supported smaller-cap gains.