US stock market today: Why is the Nasdaq up 1% while the Dow Jones falls? S&P 500 turns green amid tech st

The Economic Times · Piyush Shukla ·

US stock market today: Wall Street is seeing a split recovery on Friday after Thursday's AI-led sell-off. The Nasdaq has jumped 1.02%, while the Dow Jones has fallen 0.90% and the S&P 500 gained 0.29%. Nvidia, AMD, Intel, Broadcom and Micron were among the chipmakers recording gains in early trading. Nvidia's rebound has been particularly important because of its large weight in the broader market.

US stock market update today: Wall Street is moving in opposite directions on Friday, November 6. The Nasdaq has gained 1.02%, adding 248 points, while the Dow Jones has fallen 465 points. The S&P 500 is up 0.29%. The gap shows a recovery in semiconductor stocks after Thursday's AI-led sell-off, but buying remains selective.

Nvidia has jumped 5.56%, while Apple is down 0.94%.

A stronger October jobs report, with 165,000 new jobs against expectations of around 70,000, has also raised concerns about another Federal Reserve rate hike in December.

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