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Tech rebound lifts Nasdaq

Tech rebound lifts Nasdaq

The Nasdaq rose 1.5% on Friday as investors returned to technology and chip stocks after a sharp sell-off. The S&P 500 gained 0.8%, while the Dow Jones was little changed. The rebound came after the Nasdaq fell 5.5% on Thursday, entering correction territory, amid concerns about a slowdown in data-center construction and the possibility of restrictions on data centers. Micron shares rose 3% and Nvidia gained 2% after sharp declines in the previous session. Despite Friday’s gains, all three indexes were headed for weekly losses. A jobs report showed that 165,000 jobs were added in October, compared with expectations of 59,000, while unemployment fell to 4.1%.

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