WSJ: Stock Market Today: Nasdaq Futures Edge Up; Bitcoin Ste

Amazon in focus after huge AI spending increase prompts afterhours selloff A tech-stock swoon has put the Nasdaq composite on course for its biggest weekly drop since April’s tariff turmoil.
Investor concerns are building both about businesses that could be disrupted by artificial intelligence, and the huge outlays planned by major AI players. Amazon added to those worries Thursday, projecting $200 billion of capital spending this year. Its shares fell 8% premarket.
U.S. stock futures ticked higher early Friday. The Nasdaq has fallen 3.9% through Thursday, on track for its sharpest decline since a rout sparked by President Trump’s sweeping “Liberation Day” tariffs. The S&P 500 is down 2%, while the Dow is flat on the week.
Bitcoin traded a little below $66,000, regaining some poise after its biggest daily drop since 2022. Commodities remained volatile, with silver down 4%. Gold swung between gains and losses. Oil prices rose as senior officials from Iran and the U.S. gathered for nuclear talks.
The Stoxx Europe 600 retreated, hit by a plunge in Stellantis stock. The automaker will book $26 billion of charges as it scales back a push into electric vehicles.
Asian indexes mostly fell, aside from in Japan, where Prime Minister Sanae Takaichi is seeking to secure her grip on power in a snap election Sunday.