S&P 500, Nasdaq 100 Rebound Over 1% as Tech Rout Eases on Dip Buying

• US stocks, including S&P 500 and Nasdaq 100, jumped over 1% as dip buyers capitalized on the recent tech stock plunge.
• Nasdaq 100 advanced 1.7%, aiming to recover from its biggest three-session skid since April, while S&P 500 rose 1.6%.
• Concerns over AI spending and its return on investment, highlighted by earnings from Nvidia, Amazon, and Microsoft, fueled earlier skepticism.
• A new AI automation tool from Anthropic sparked a $285 billion rout across software, financial services, and asset management sectors.
• Amazon shares plunged 7.0% after announcing plans to spend $200 billion this year on data centers, chips, and equipment, raising investor worries about long-term payoff.