8/102 sources · 2 publishersUpdated Nov 6, 16:17 UTC
Nasdaq rebounds 1.23% as AI stocks recover and US jobs beat expectations
The technology‑heavy Nasdaq Composite opened 1.23% higher, partially recouping a 5.5% drop from the previous day’s AI‑related sell‑off. Nvidia surged more than 6% after a double‑digit decline, while SpaceX and Tesla also posted gains. US employers added 165,000 jobs, pulling the unemployment rate down to 4.1%.
Why it matters
The rebound lifts the market value of AI and tech firms, benefiting shareholders of companies such as Nvidia and Tesla. Strong employment data may reduce concerns that the economy is weakening, supporting risk‑on sentiment.
Key facts
- 1The Nasdaq Composite opened up 1.23% in early trading. finance.yahoo.com
- 2The index had fallen 5.5% the previous day during a broad AI‑stock sell‑off. ua.news
- 3Nvidia shares rose more than 6% after falling more than 9% the day before. finance.yahoo.com
- 4SpaceX shares gained more than 7% and Tesla shares rose nearly 3%. ua.news
- 5US employers added 165,000 jobs in the latest month. finance.yahoo.com
- 6The unemployment rate fell to 4.1% from 4.2% in September. ua.news
Summary written by AlphAI AI Desk from 2 of 2 sources. Not investment advice. Figures are as stated by the linked sources.