Nasdaq, S&P 500 and AI Stocks Rebound After Brutal Week
Technology shares rebounded after Thursday’s sell-off, with Nvidia rising more than 6% as investors weighed stronger-than-expected U.S. job growth.
- The equities market ended mixed on Friday as technology stocks rebounded, lifting the Nasdaq Composite Index to gains while the Dow Jones Industrial Average fell.
- Shares in artificial intelligence and technology firms rebounded in early trading after an enormous sell-off on Thursday wiped trillions of dollars off stock values.
- American employers added 165,000 new jobs, while the unemployment rate eased slightly to 4.1% from 4.2%, according to The Bureau of Labor Statistics.
- Investors sold off tech shares amid concerns that the Democrat victory in the midterm elections would bring new rules and regulations for artificial intelligence development.
- President Donald Trump reiterated his support for "super intelligence" on Friday, saying only "foolish leadership" would "say no to the riches they bring.
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9 Articles
Tech stocks stage partial rebound while dollar gains after US jobs data
NEW YORK: Tech shares rose Friday (Nov 6), recovering a fraction of losses from the prior session's rout as the dollar rallied after better than expected US jobs data.Investors welcomed a partial recovery for the tech-heavy Nasdaq after its plunge on Thursday, which sent Asian and Europe
U.S. stocks end mixed as tech rebound propels S&P 500 and Nasdaq to gains
The U.S. equities market ended mixed on Friday as a bounce in technology stocks lifted the S&P 500 to Nasdaq Composite Index to gains, but the Dow Jones Industrial Average fell. The Dow shed 237.33 points, or 0.5%, to close at 51,285.73. The S&P 500 gained 23.13 points, or 0.3%, to finish at 7,
Stocks See Slight Rebound After Thursday's Rout But Remain Well Below Highs
U.S. stocks attempted to recover after Thursday's sharp selloff, with the Nasdaq entering correction territory as stronger-than-expected payroll and wage data added to market uncertainty.
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