The worst selloff in American technology shares since 2020 showed signs of easing in late trading after Amazon.com Inc. and Snap Inc. soared on quarterly results.
Amazon spiked higher by 15%, while Snap added 40%, lifting the biggest exchange-traded fund tracking the Nasdaq 100 by 2% as of 4:24 p.m. in New York.
The tech-heavy index plunged 4.2% in the cash session while the S&P 500 fell 2.4% as Facebook-owner Meta Platforms Inc. suffered a historic rout that wiped more than $250 billion from its value.
