Stocks in the U.S. resumed growth after a three-day slump. Gold and silver rise in price

The three major U.S. stock indices started trading on Friday, February 6, with active growth, thus interrupting the period of decline, which in the case of the S&P 500 and Nasdaq stretched for three days. Gold and silver prices also resumed their upward movement, while bitcoin rebounded from a low of $60,000 and partially recovered its losses.

- The S&P 500 broad market index was up about 1% in the first few minutes of trading.

- The "technological" index Nasdaq also added about 1%. At the same time, Amazon's shares plummeted by 10% immediately - after the ambiguous reporting.

- The Dow Jones blue-chip index grew the most actively - by 1.4%.

- In contrast, the Russell 2000 index of small-capitalization companies fell 1.8%.

- The value of gold was up 3%

- Spot silver prices were up 6.8%

- Brent crude oil futures were down 0.6%

- Bitcoin was worth about $67,850 - down 3.8% from 24 hours ago, but firmly above the day's low of $60,255.56, CoinGecko shows.

Bloomberg attributes the resumption of indexes growth to a wave of buying on the downturn: investors decided to take advantage of the decline in quotations for technology stocks, caused by doubts about the large expenditures on artificial intelligence. Although this positive mood is very fragile, a sense of calm prevails on Friday, the agency writes.

The iShares Expanded Tech-Software Sector ETF, which tracks stocks of software developers, was up 2% at the moment, but the current week could still be its worst since 2002, Bloomberg says. Stocks in the sector have been hurt by concerns that artificial intelligence will disrupt the current business model of software vendors.

"The performance of the technology sector is likely to determine whether this early rebound in the broad market can hold up. If technology stocks can hold on to what they gained in early trade and add to it, we could see solid gains in the markets. But if they pull back, get ready for another potentially nasty day," Seven Report founder Tom Assey said in a Bloomberg statement.

"The reassessment of sentiment towards AI does not materially change our constructive view on the fundamentals of the tech giants at the center of the AI capital expenditure cycle. Their valuations remain attractive, we continue to view their earnings as sustainable even if the market moves away from AI-related market stories for a while," said Barclays equity strategist Venu Krishna(quoted by CNBC).

This article was AI-translated and verified by a human editor