Tech, growth shares shine in Amazon-led rebound after Meta rout

FILE PHOTO: A worker assembles a box for delivery at the Amazon fulfillment center in Baltimore, Maryland, U.S., April 30, 2019. REUTERS/Clodagh Kilcoyne//File Photo

(Reuters) -Growth and technology stocks rebounded on Friday, as traders weighed stellar results from Amazon.com Inc against an unexpectedly strong U.S. employment number that propelled Treasury yields higher.

The Nasdaq Composite index, which is heavy on tech and other growth stocks, was recently jumping about 2% a day after a historic crash in shares of Facebook owner Meta Platforms wiped $200 billion from the company’s market value and weighed on broader markets after its earnings disappointed Wall Street.