Business · Economy · 9 hrs ago
US Tech Stocks Rebound After Sharp Sell-Off
US technology shares recovered some ground on Friday after a sharp sell-off a day earlier.
The Nasdaq had its biggest daily fall in 19 months on Thursday and entered a market correction, while the S&P 500 was heading for its worst week since March 2025.
Chipmakers including Nvidia, AMD and Intel rose in premarket trading as investors bought back shares after heavy losses.
The sell-off followed Democratic election victories that raised concerns about tighter AI rules and slower growth in data centres, alongside worries about AI spending and economic policy.
Nearly $3 trillion in S&P 500 market value was erased during the decline, showing how much uncertainty had unsettled investors.
Higher oil prices also fuelled concerns that inflation could prompt central banks to raise interest rates.
Investors were watching the US October jobs report for clues about the interest-rate outlook, with markets pricing in more than a 65% chance of a rate increase in December.
US technology stocks rebounded in premarket trading on Friday, led by chipmakers, after a sharp sell-off the previous day.
The sell-off erased nearly $3 trillion in market value from S&P 500 companies amid concerns about tighter US artificial intelligence regulation.
The Nasdaq Composite fell the most in a day in 19 months on Thursday and officially entered correction territory.
At 6:24 a.m. Eastern time on Friday, Nasdaq 100 futures were up 1.41%, while Dow futures were down 0.91%.
Investors were watching for the US October jobs report for clues about the direction of interest rates.
- Who
- US technology companies, including chipmakers such as Nvidia, AMD and Intel, rebounded.
- What
- Technology stocks recovered some losses after a sharp sell-off. The sell-off erased nearly $3 trillion in market value from S&P 500 companies.
- When
- Friday, November 6, 2026, in premarket trading, after a sharp decline on Thursday.
- Where
- US stock markets.
- Why
- Some investors feared that Democratic control of Congress could lead to tighter regulation of artificial intelligence and slow the expansion of data centres.
This story does not have two clearly opposing sides.
The Nasdaq Composite recorded its largest daily decline in 19 months and entered correction territory.
Nasdaq 100 futures were up 1.41%, while Dow futures were down 471 points, or 0.91%.
Nvidia shares rose 4.5% in premarket trading after recording their worst daily loss since January 2025 in the previous session.
- Market value erased
- Nearly $3 trillion from S&P 500 companies
- Nasdaq Composite
- Entered correction territory after its largest daily decline in 19 months
- Nasdaq 100 futures
- Up 1.41% at 6:24 a.m. Eastern time on Friday
- Dow futures
- Down 471 points, or 0.91%, at 6:24 a.m. Eastern time on Friday
- Nvidia shares
- Up 4.5% in premarket trading on Friday
What people are saying
We view Thursday’s market sell-off as a reaction to developments, not a fundamental shift, as it resulted from overlapping concerns about AI spending, economic policies and inflation.