Nasdaq Composite Recovers 1.14% After AI-Driven Sell-Off
Published on 11/06/2026 at 19:05 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSNasdaq Rebounds During Friday Trading
- The Nasdaq Composite was recently at 24,592.90, up 1.14 percent from Thursday's close.
- Chip stocks recovered part of their losses after Thursday's AI-led sell-off pushed the index into correction territory.
- A stronger-than-expected October jobs report supported the economy but also kept Federal Reserve rate-hike concerns in focus.
The Nasdaq Composite recovered during Friday's US trading session after a steep sell-off the previous day. The index was recently quoted at 24,592.90, up 277.90 points, or 1.14 percent, from Thursday's close of 24,315.00. The latest intraday quote and comparison with the previous close were reported by Investpig.
Chip Stocks Lead the Recovery
The rebound followed Thursday's 5.52 percent decline, which pushed the broader Nasdaq Composite into technical correction territory. The official Nasdaq market-activity page lists Thursday's close at 24,315.00 and the prior close at 25,736.51.
Friday's recovery was concentrated in semiconductor and artificial-intelligence-related shares. Yahoo Finance, citing Reuters and other contributors, reported that Nvidia, AMD, Intel and Micron were among the chip stocks recovering after suffering heavy losses in the prior session. The earlier sell-off reflected concerns that Democratic control following the US midterm elections could lead to tighter regulation of artificial-intelligence development and slow the construction of data centers.
Jobs Data Complicates Rate Outlook
Investors were also assessing the US employment report. The economy added 165,000 jobs in October, well above the 65,000 increase economists had expected, while the unemployment rate edged down to 4.1 percent. The stronger labor-market figures supported the view that economic activity remains resilient, but they also increased attention on the possibility of another Federal Reserve rate increase.
The index's Friday gain therefore represents a partial recovery rather than a reversal of the week's broader weakness. Before Friday's session, the Nasdaq Composite had already fallen sharply over the preceding trading days, and the latest move remained sensitive to both the sustainability of AI investment and the interest-rate outlook.
Further coverage of the Nasdaq Composite is available on the topic page.
