US STOCKS SNAPSHOT-Nasdaq opens higher as Amazon surge offsets Apple decline

July 31 (Reuters) - The Nasdaq opened higher on Friday, boosted by Amazon's AMZN.O 12% jump after the Big Tech company joined some of its peers in delivering strong cloud revenue growth, putting to rest concerns about AI returns.

The Dow Jones Industrial Average .DJI rose 27.0 points, or 0.05%, at the open to 52,235.03. The S&P 500 .SPX rose 24.5 points, or 0.33%, at the open to 7,462.13​, while the Nasdaq Composite .IXIC rose 218.5 points, or 0.87%, to 25,340.711 at the opening bell.

(Reporting by Johann M Cherian in Bengaluru; Editing by Pooja Desai)

((johann.mcherian@thomsonreuters.com;))