U.S. Stocks Close Mixed: Nasdaq Rebounds 1.09% but Falls 3.4% on the Week
NEW YORK — U.S. stocks closed mixed on Friday, November 6, as a rebound in chip shares lifted the Nasdaq and the S&P 500 while the Dow slipped; all three major indexes finished the week lower. The Nasdaq Composite rose 1.09% to 24,579.42, the S&P 500 gained 0.31% to 7,376.86, the Dow Jones Industrial Average fell 0.46% to 51,285.73, and the Russell 2000 added 0.89% to 2,754.11.
For the week, the S&P 500 lost 2.7%, the Nasdaq 3.4% and the Dow 0.9%, the S&P 500's worst week since June. After Thursday's sell-off in artificial-intelligence shares pushed the Nasdaq into correction territory, chip stocks rebounded sharply on Friday, with a semiconductor index up about 4.2% on the day, recouping roughly a third of Thursday's drop of more than 12%.
The October jobs report released the same day came in stronger than expected, with payrolls up 165,000 and unemployment at 4.1%. Market odds of a December Federal Reserve rate hike rose to about 78%, and the 10-year Treasury yield climbed to 4.86%.
(Source: Sharecast)
Source: Sharecast
Published by GSM · USA (original Chinese edition)
Photo: 图：纽约证券交易所交易大厅（美国国会图书馆 Highsmith 档案，公共领域）。The New York Stock Exchange trading floor. (Library of Congress, public domain)
