Nasdaq Composite rebounds 1.09% to 24,579.42 after AI sell-off
Published on 11/06/2026 at 22:57 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSNasdaq recovers after sharp sell-off
- The Nasdaq Composite closed at 24,579.42 on November 6, 2026, up 264.43 points or 1.09 percent.
- The rebound followed Thursday's 5.52 percent decline, which pushed the index into correction territory.
- Chip stocks recovered some ground, while stronger-than-expected employment data renewed expectations for a possible Federal Reserve rate increase.
- The index still finished the week down 3.37 percent and remained 10.94 percent below its October record close.
The Nasdaq Composite ended Friday's US trading session at 24,579.42, gaining 264.43 points or 1.09 percent from the previous close. The move recovered only part of Thursday's 5.52 percent sell-off, when the technology-heavy index fell to 24,315.00 and entered correction territory. CNBC reported the Friday close and the daily percentage gain.
Partial recovery in technology shares
Chip stocks led the rebound after suffering heavy losses in the prior session. According to Reuters, investors were reassessing fears that Democratic control of Congress could bring tougher regulation of artificial-intelligence infrastructure and slow data-center construction. Nvidia rose during Friday trading after its sharp loss on Thursday, while several semiconductor and data-center-related shares also recovered.
The labor market supplied a second important backdrop. Reuters said October nonfarm payrolls increased more than expected and the unemployment rate fell to 4.1 percent. Those figures strengthened market expectations for a possible Federal Reserve rate increase as soon as December, although the prospect of renewed monetary tightening remained in tension with the market volatility following Thursday's rout.
Correction remains unresolved
Friday's gain did not remove the broader technical damage. The Nasdaq Composite remained 10.94 percent below its record close of 27,599.79 reached on October 6. Morningstar's Dow Jones market data showed that the index fell 857.57 points or 3.37 percent over the week, extending its losing streak to four weeks.
For investors, the session therefore marked a rebound rather than a confirmed reversal. The index remains sensitive to developments in AI capital spending, semiconductor demand, data-center regulation and interest-rate expectations. Further direction will depend on whether technology shares can build on Friday's recovery while the market remains below its October peak. More coverage is available on the Nasdaq Composite topic page.
