Amazon Share Price Surges Following Bumper Earnings

Amazon . com Inc. shares jumped Friday after the e-commerce company relieved investors with a near doubling in profit in the holiday period, highlighting the divergence in fortunes among giant tech stocks.

Amazon’s 10% advance comes at the end of a dizzying week for technology stocks that has sent shudders through the broader market. Meta Platforms Inc . , previously known as Facebook, plunged 26% on Thursday in its biggest one-day decline since going public in 2012. It fell another 2% Friday.