By Rajendra Saxena
Publication Date: 2026-02-06 14:57:00
Major US stock indices bounced back on Friday, led by chip companies following sharp selloff this week on artificial intelligence spending worries.
Investors doubts regarding artificial intelligence expenditure have intensified since Microsoft’s massive capital plans in late January pushed large-cap spending totals into focus.
As of 10:15 a.m. Eastern Time, the S&P 500 rose 0.9%, the Dow Jones Industrial Average was up 1.6%, and the Nasdaq Composite was 0.5% higher.
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%.
“The performance of tech is likely to determine if this early bounce in the broader market can hold,” said Tom Essaye at The Sevens Report, according to Bloomberg.
“If tech stocks can hold early gains and add to them, then we could see a solid bounce across markets. However, if they roll over, brace for…
