The Nasdaq opened higher on Friday as chip stocks came off heavy losses posted during a sharp selloff on fears that a Democratic-led Congress could result in tougher AI regulation, even as the jobs report raised interest-rate hike concerns.
The Dow Jones Industrial Average fell 486.37 points, or 0.94%, at the open to 51,036.69. The S&P 500 rose 19.44 points, or 0.26%, at the open to 7,373.17, while the Nasdaq Composite rose 299.54 points, or 1.23%, to 24,614.53 at the opening bell.
Add as a Reliable and Trusted News Source Add Now!
(You can now subscribe to our ETMarkets WhatsApp channel)
US stocks today: Nasdaq rebounds as chip stocks recover from steep losses, rate fears persist
The Nasdaq opened higher on Friday as chip stocks came off heavy losses posted during a sharp selloff on fears that a Democratic-led Congress could result in tougher AI regulation,
- Published by
- The Economic Times
- Published
- Length
- 92 words · 1 min
Where this came from
This story was first published by The Economic Times on 6 Nov 2026. HUE Legacy Ventures did not write it.
Carried in full with attribution and a link to the original. Rights remain with the publisher, who may request removal at any time.