THE BARE STORY
U.S. stocks rose in early trading Friday after a steep technology-led selloff the previous day pushed the Nasdaq Composite into correction territory. The S&P 500 also posted its largest one-day decline since April 2025, while the Dow Jones Industrial Average fell sharply.
Technology and semiconductor shares led Thursday’s losses, amid investor concerns about the outlook for artificial intelligence spending and data center construction. The market moves followed midterm election results that gave Democrats major victories, prompting investors to reassess potential regulatory restrictions on data center development.
Shares of several large technology companies recovered early Friday, including Nvidia, Micron Technology, Alphabet, Amazon and Meta. Microsoft was lower in early trading.
The rebound came as the October jobs report showed employers added 165,000 jobs and the unemployment rate declined to 4.1%, according to the report. Investors continued to assess whether revenue growth from artificial intelligence will support the sector’s level of capital spending.
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