Business · Markets · 9 hrs ago
Nasdaq and chip stocks rebound, but rate fears limit gains
US technology stocks rebounded on Friday, led by chipmakers recovering from a steep selloff the day before.
The Nasdaq rose 1.09% and the S&P 500 gained 0.31%, while the Dow fell 0.46%.
The selloff followed concerns about tighter AI and data-centre rules after Democrats won the US midterm elections.
Chip shares including AMD, Nvidia and Micron rose, and the semiconductor index gained about 4.2%.
The rebound did not erase the week’s losses: the Nasdaq and S&P 500 both fell for a fourth straight week.
US employers added 165,000 jobs in October, well above forecasts, and unemployment fell to 4.1%.
Stronger jobs data increased expectations of a December rate hike, which could make borrowing more costly for businesses; investors’ outlook for rates remains a concern.
US stocks ended mostly higher on Friday, November 6, as chipmakers recovered from the previous session’s steep losses.
The Nasdaq Composite rose 1.09% to 24,579.42, while the S&P 500 gained 0.31% to 7,376.86.
The Dow Jones Industrial Average fell 0.46% to 51,285.73.
Despite Friday’s gains, the Nasdaq and S&P 500 each recorded a fourth consecutive weekly decline.
Stronger-than-expected US jobs data reinforced expectations of a Federal Reserve rate increase and trimmed some chip-sector gains.
- Who
- US stock market indexes and semiconductor companies.
- What
- Stocks mostly rose on Friday as chipmakers rebounded, but the Nasdaq and S&P 500 recorded a fourth consecutive weekly decline.
- When
- Friday, November 6, 2026.
- Where
- Wall Street, in the United States.
- Why
- Chipmakers recovered after steep losses in the previous session. Sources cite concerns about tighter AI regulations or the outcome of elections as factors behind those losses.
This story does not have two clearly opposing sides.
Chipmaker shares fell sharply, dragging the Nasdaq down.
US jobs data showed 165,000 positions created, above the market forecast of 65,000.
Chipmakers rebounded and the Nasdaq and S&P 500 ended higher, while the Dow fell.
The Nasdaq and S&P 500 recorded their fourth consecutive weekly declines.
- Nasdaq Friday close
- 24,579.42, up 1.09%
- S&P 500 Friday close
- 7,376.86, up 0.31%
- Dow Friday close
- 51,285.73, down 0.46%
- US jobs added in October
- 165,000
- Market forecast for jobs added
- 65,000
- Weekly Nasdaq change
- Down 3.37%
8 sources
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