Tech, growth shares shine in Amazon-led rebound after Meta rout

Feb 4 (Reuters) – Progress and know-how shares rebounded on Friday, as retailers weighed stellar end outcomes from Amazon.com Inc in the direction of an unanticipateedly strong U.S. employment quantity that propelled Treasury yields greater.

The Nasdaq Composite index (.IXIC), which is heavy on tech and completely different developth shares, was currently leaping about 2% a day after a historic crash in shares of Fb proprietor Meta Platforms (FB.O) wiped $200 billion from The agency’s market worth and weighed on broader markets after its earnings dissatisfied Wall Road. study extra

Shares of Amazon, which delighted buyers by mountaineering its Prime subscription price, have been currently up over 15%, on monitor To enhance its market worth by Higher than $200 billion. study extra