Nearly $240bn wiped off Amazon as Wall Street turns on AI

The S&P 500 was up 1.7pc and the Dow Jones Industrial Average hit a new high of 49,938 points after climbing 2pc.However, stocks then started to rebound as investors bought the dip, with the tech-heavy Nasdaq Composite rising 2pc.More than £18bn was wiped off London-listed software and data giants over the past week as concerns rose about artificial intelligence disrupting the industry.Thanks for joining us. That’s al we have for today.Andy Jassy, the company’s chief executive, said the tech giant’s capital ...