Wall Street rises as Amazon and chip stocks jump, even as oil prices add to worries about inflation

NEW YORK (AP) — Amazon and resurgent stocks of computer chipmakers are leading the U.S. stock market higher on Friday, even as oil prices rise and worries about inflation weigh on the bond market.The S&P 500 rose 0.7% at the end of a seesaw week that could be its first winning one in the last three. The Dow Jones Industrial Average was up 179 points, or 0.3%, as of 9:35 a.m. Eastern time, and the Nasdaq composite was 1.3% higher.Tech led the way, including a 13.8% leap for Amazon after it reported much stronger profit for the latest quarter than analysts expected. Its profit more than tripled from a year earlier, thanks in part to an acceleration of growth in its cloud computing business.Analysts said that could be a signal Amazon’s huge investments in artificial-intelligence technology are beginning to pay off, and Amazon increased its forecast for how much it will spend on investments this year.The stock reaction was similar to what Microsoft got a day before, when it soared to its b