Shares of technology companies rallied as strong earnings from Microsoft quelled fears about artificial-intelligence infrastructure spending.
Microsoft shares registered their biggest gains since 2008, rising 16% as AI demand for computing capacity bolstered growth at its Azure unit and the company managed to generate more cash than Wall Street had anticipated.
Meta's plans for billions of dollars in further data-center investments weighed on its shares, which fell by 8%.
Alphabet shares ticked down after reports that a data-center developer working with Anthropic was in talks to borrow $15 billion to build a massive new campus and power plant in Texas, with Google providing financial guarantees and chips.
Amazon-owned robotaxi service Zoox has been given the green light from federal regulators to begin charging customers for rides, a first for a company with a purpose-built autonomous vehicle that lacks conventional controls.
Shares of beaten-down business software maker Oracle rallied after reports it would expand a partnership with Google parent Alphabet.
Amazon shares soared in late trading after it posted earnings ahead of expectations.
