Wall Street clawed back a slice of Thursday's brutal selloff on Friday, with chipmakers leading a rebound that pulled the Nasdaq Composite up 1.1% and the S&P 500 up 0.3% to close at 7,376.86, according to market data reported by Eurasia Business News. The Dow finished mixed.

Nvidia gained 6.6% in early trading and Micron jumped 9.8%, clawing back ground after a selloff a day earlier that Morningstar described as the Nasdaq's worst single day since April 2025 and enough to push the index into correction territory — down more than 10% from its recent high.

A Shaky Week for AI Stocks

Thursday's rout was driven by growing investor anxiety over a slowdown in AI and data-center spending, worries that intensified after this week's Democratic midterm sweep raised the odds of tighter state and federal scrutiny of the industry's buildout. CBS News reported the plunge wiped out trillions in paper value across megacap tech names before Friday's partial recovery.

A stronger-than-expected October jobs report helped steady nerves heading into the weekend. Employers added 165,000 jobs last month, beating economists' forecasts, and the unemployment rate ticked down to 4.1% — though some strategists noted the strong print cuts both ways, since it also tempers hopes for a near-term Federal Reserve rate cut.

FOUR STRAIGHT WEEKS OF LOSSES BEFORE FRIDAY'S BOUNCE.

Even with Friday's gains, major indexes were still nursing losses for the week, and the Nasdaq had posted four consecutive weekly declines heading into this session. Analysts remained split on whether the bounce marks a genuine reset in AI-stock sentiment or just a pause before more volatility, with several noting that valuations across the sector remain stretched by historical standards.

Trading is expected to stay choppy into next week as investors parse a fresh round of earnings from data-center-linked firms and watch for any policy signals out of Washington following the midterm results.