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Wall Street rises as Amazon and chip stocks jump, even as oil prices add to worries about inflation
Wall Street rose on Friday as Amazon and chip stocks surged, driven by strong quarterly profits and AI investment optimism, though oil price increases raised inflation concerns. The S&P 500 gained 0.7%, the Nasdaq rose 1.3%, and South Korea’s Kospi hit a record 17.9% gain, while Apple fell 9.1% despite higher-than-expected earnings.
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Adjacent reporting
- Wall Street opens higher as AI stocks regain some more ground and oil prices ease
- Stocks rise on Wall Street, erasing much of their loss from a day earlier
- Bloomberg News Now
- Oil prices rise, but not by enough to keep Wall Street from more records
- Most of Wall Street rises as oil prices continue to ease, even as chip stocks keep dropping