Stock market today: Nasdaq and S&P 500 rebound, Dow slips to cap bruising week for AI stocks

US stocks stabilized, with the S&P 500 and Nasdaq doing their best to end the week on a positive note. But it wasn’t enough to stave off the S&P 500’s worst weekly performance since June.

The Dow Jones Industrial Average (^DJI) fell 0.4% on Friday, while the S&P 500 (^GSPC) rose 0.3%. The Nasdaq Composite (^IXIC) gained more than 1% after the tech-heavy index slipped into a correction on Thursday.

The S&P 500 and Nasdaq rebounded from a bruising session on Thursday as investors assessed Democrats’ election sweep. At the center of Thursday’s deep sell-off, which erased $3 trillion in market value, were concerns about a slowdown in data center construction and in AI spending.

On Thursday, chip stocks Nvidia (NVDA), AMD (AMD), Micron (MU), and Sandisk (SNDK) recouped some losses from the prior session’s broad selloff, in which the VIX Volatility Index (^VIX) surged.

51,285.73 -237.33 (-0.46%)

At close: November 6 at 4:37:12 PM EST

^DJI ^GSPC ^IXIC

Oil prices have also been in play, with global benchmark Brent crude (BZ=F) futures falling below $100 per barrel. Energy traders continue to assess the outlook for the war in the Middle East, with the risk of a re-escalation weighing on sentiment.

Not to be overshadowed, the Labor Department reported that the US added 165,000 jobs in October, above a revised 60,000 figure the month before and the 65,000 jobs economists expected.

Correction: An earlier version of this article incorrectly stated that the Nasdaq had its worst week since June. While the S&P 500 did, the Nasdaq recorded a steeper weekly decline in October. We regret the error.

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Fri, November 6, 2026 at 9:02 PM UTC
Dow slips, S&P 500, Nasdaq rebound but post weekly losses
The major averages closed mixed on Friday, posting weekly losses following a bruising sell-off in the prior session.
Chip stocks rebounded, clawing back some of their recent losses. Still, the gauge tracking the largest semiconductor companies ended in negative territory, as did chip heavyweights Nvidia (NVDA), AMD (AMD), and Intel (INTC),
This recent volatility has also fueled speculation that AI developer Anthropic may need to lower its valuation ahead of its expected public debut later this month.
Despite Friday’s recovery, the AI trade remained fragile. Technology (XLK) and Energy (XLE) stocks, two key beneficiaries of the AI boom, fell 7% and 11% for the week, respectively.
Fri, November 6, 2026 at 8:19 PM UTC
These 4 Trump-backed chip stocks have seen steeper losses than the beleaguered sector
Yahoo Finance’s Ben Werschkul reports:
Chipmaker Intel (INTC) is putting a notable drag on the burgeoning US government investment portfolio, shaving close to $20 billion off the government’s stake in the chipmaker.
But it’s not the only one. The Trump administration’s other semiconductor investments have also incurred sharp losses that outpace the beleaguered sector.
Chipmaker GlobalFoundries (GFS), photonics company Aeluma (ALMU), and silicon carbide specialist Wolfspeed (WOLF) have all seen losses of at least 40% over the past six months, according to Yahoo Finance data.
That’s in excess of PHLX Semiconductor (^SOX), a capitalization-weighted index of the semiconductor sector, which is down about over 18% over the same span.
Read more here.
Fri, November 6, 2026 at 7:18 PM UTC
S&P 500, Nasdaq rebound, but remain on track for worst weekly decline since June
The S&P 500 (^GSPC) rose 0.7% on Friday while the tech-heavy Nasdaq Composite (^IXIC) rose roughly 1.6%, but both indexes were on pace for their worst weekly performance since June 5.
The major averages rebounded after a several-day sell-off on Thursday in which semicondcutor stocks led the overall market lower.

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At close: November 6 at 4:37:09 PM EST
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On Thursday, chip stocks rebounded but were still on track to end the week with losses after Democrats won control of the House and Senate on Wednesday, raising concerns about potential regulations that could slow the pace of data center buildouts.
Fri, November 6, 2026 at 6:40 PM UTC
White House hails ‘skyrocketing’ labor demand after blockbuster October jobs report
Yahoo Finance’s Jennifer Schonberger reports:
The White House says the job market is turning a corner and demand for workers is on the rise.
“Demand for labor is skyrocketing,” Kevin Hassett, director of President Trump’s National Economic Council, said in an interview, noting that not only was the jobs report strong, but initial jobless claims are also at their lowest since World War II, and more people are leaving their jobs because they have higher confidence in finding a new one.
The quits rate rose 2.1% in September.
But the big news out Friday: The economy added 165,000 jobs in October, compared with expectations of around 70,000, as the unemployment rate edged down to 4.1%, compared with expectations of 4.2%. That’s much higher than the average monthly gain of 48,000 over the past 12 months and well above the roughly 30,000 jobs needed to hold employment steady. Over the past three months, payrolls are averaging 137,000.
While job gains were healthy, wages haven’t kept pace, though they did catch up last month to the pace of inflation, which grew 3.1%.
Read more here.
Fri, November 6, 2026 at 5:40 PM UTC
Stocks had their worst day in 18 months — here’s what that means for your portfolio
The AI trade ran off a cliff Thursday. Most of the stock market was nowhere near the edge, Yahoo Finance’s Jared Blikre reports:
The S&P 500 (^GSPC) fell more than 4% Thursday, its worst day since the April 2025 tariff crash. About $3 trillion in stock market value disappeared in a single session.
Chipmakers took the hardest hit. The PHLX Semiconductor Index (^SOX) dropped 12%, its worst day since March 2020, and Nvidia (NVDA) fell 9%, its worst day since the DeepSeek scare in January 2025.
The trigger was Washington. Democrats won control of Congress this week, and candidates in both parties campaigned against AI data centers, the giant buildings those chips go into. Investors worry that new rules could slow the building boom that sent chip stocks to records.
But look past the AI stocks, and the picture gets a lot calmer.
Read more:
Fri, November 6, 2026 at 5:15 PM UTC
Iren stock rebounds as company’s Q1 AI cloud revenue surges
Iren (IREN) stock surged on Friday as the data center operator reported strong growth in its artificial intelligence cloud business in its fiscal first quarter.
Iren shares jumped as much as 20% on Friday, rebounding from a roughly 17% decline in the previous session amid a broader sell-off in the AI trade. Despite the recovery, Iren shares remain down more than 50% year to date as investor concerns over AI infrastructure spending, financing requirements and data center expansion have weighed on the sector. The company, which has transitioned from bitcoin (BTC-USD) mining into AI cloud and data center infrastructure, has been particularly affected by the recent pullback in neocloud stocks.
Iren, whose customers include Microsoft (MSFT), reported $200 million in AI revenue during the three months ending Sept. 30, up from $71 million in the previous quarter and $7 million in the year-earlier period.
However, the company posted a quarterly loss of $263 million, wider than the average analyst estimate compiled by Bloomberg.
Read more here.
Fri, November 6, 2026 at 4:34 PM UTC
Musk bids farewell to Cybertruck as Tesla bets on robots and self-driving
Yahoo Finance’s Pras Subramanian reports:
So long, Tesla (TSLA) Cybertruck, we hardly knew ye.
Yes, it is official. The Tesla Cybertruck will soon be no more, per a post from CEO Elon Musk on his X account.
“Tesla will be winding down production of the Cybertruck at Gigafactory Texas around the middle of next year to make room for increased Cybercab production,” Musk wrote early Friday morning.
For many in the industry, this isn’t a surprise even with Musk’s grand pronouncements about the vehicle. Musk once boasted that Cybertruck demand was “so far off the hook, you can’t even see the hook,” and the company said it had over 1 million preorders.
Read more.
Fri, November 6, 2026 at 3:46 PM UTC
Anthropic’s IPO valuation could plunge to near $1 trillion amid market turmoil
Yahoo Finance’s Dan Howley reports:
Yesterday’s bruising market sell-off sent tech stocks plunging on questions about what the newly elected Democratic majority in Congress means for the data center build-out and AI.
The pain was so acute it’s bled into Anthropic’s (ANTH.PVT) upcoming IPO. According to Bloomberg and The Wall Street Journal, investors are now eyeing a potential market valuation of between $1 trillion and $1.3 trillion for the AI startup.
That’s far below the $2 trillion buyers were projecting just last month when stocks were flying high.
Anthropic, which publicly filed its S-1 investor prospectus last Monday and updated it this week with more recent revenue and spending numbers, is widely expected to launch its IPO sometime before the end of the month.
But that could slip to a later date due to the broader market sell-off.
Read more.
Fri, November 6, 2026 at 3:02 PM UTC
Nvidia, AMD, and Micron stocks lead chip sector higher following worst sell-off since 2020
Chip stocks rebounded on Friday after suffering their worst sell-off since 2020. The PHLX Semiconductor Index (^SOX) bounced 4% following a 12% plunge on Thursday.
Shares of US chipmaker Intel (INTC) jumped nearly 6%, erasing part of their 10% slide in the prior session. AMD (AMD) also rebounded 8% after suffering a 17% fall. Nvidia (NVDA), which declined 9% in the prior session, jumped 6%.
Semiconductors bounced back after much of the AI trade was hammered on Thursday as investors digested what a Democratic win in Congress means for the data center build-out in the US.
Memory and storage names Sandisk (SNDK), Micron Technology (MU) and SK Hynix (SKHY) shares tumbled alongside Samsung Electronics (005930.KS) following Thursday’s wipeout on Wall Street.
Read more.
Fri, November 6, 2026 at 2:35 PM UTC
Stocks stabilize as tech claws back some losses
US stocks were mixed at Friday’s open as investors looked for more signs that market conditions have stabilized after Thursday’s sharp AI-led sell-off.
The Dow Jones Industrial Average (^DJI) fell 0.9%, while the S&P 500 (^GSPC) rose 0.4%. The tech-heavy Nasdaq Composite (^IXIC) rose more than 1.4%.
Technology shares attempted to rebound after Thursday’s rout, which pushed the Nasdaq back into correction territory and erased much of Wednesday’s post-election rally.
Investors were also parsing the October jobs report for clues on whether the labor market remains strong enough to keep another Federal Reserve rate hike in play.

51,285.73 -237.33 (-0.46%)
At close: November 6 at 4:37:12 PM EST
^DJI ^GSPC ^IXIC
Fri, November 6, 2026 at 1:58 PM UTC
Blockbuster October jobs report keeps Fed rate hike in play for December
Yahoo Finance’s Jennifer Schonberger reports:
A much stronger-than-expected October jobs report solidifies expectations that the Federal Reserve will raise interest rates in December, as officials are already focused on higher inflation.
The Bureau of Labor Statistics report released Friday showed that 165,000 jobs were created in October, compared with expectations for around 70,000, as the unemployment rate edged down to 4.1%, compared with expectations for 4.2%. That’s much higher than the average monthly gain of 48,000 over the past 12 months and well above the roughly 30,000 jobs needed to hold employment steady. Labor force participation inched up to a hair above expectations at 61.9%.
Job gains in both August and September were also revised higher by 84,000. The bulk of jobs added were in the sectors of professional and business services, healthcare, and transportation and warehousing. Manufacturing added 19,000 jobs.
Read more.
Fri, November 6, 2026 at 1:38 PM UTC
US adds 165K jobs, blowing past expectations
The US economy added 165,000 jobs in October, a jump from the revised job growth of 60,000 the month before. Economists surveyed by Bloomberg expected the economy to have added 65,000 jobs.
The unemployment rate ticked down to 4.1%. Wage growth increased 0.4% from September.
Read more.
Fri, November 6, 2026 at 1:24 PM UTC
The VIX volatility index just spiked 70%. Here’s what history suggests comes next.
If you are looking for something positive after Thursday’s shocking stock beatdown, you have come to the right place ahead of the weekend.
History suggests stocks tend to do well after the extreme volatility we saw two days removed from the Election Day blue wave.
The VIX volatility index (^VVIX) — better known as Wall Street’s fear gauge — jumped as much as 70% on Thursday. A move this large has only happened eight times since 1991, according to data from CBOE.
Here’s what happened to the S&P 500 on average after the eight prior extreme moves:
1 month later: +3.0% (7 of 8 times positive)
3 months later: +7.1% (6 of 8 times positive)
6 months later: +10.4% (8 of 8 times positive)
1 year later: +14.7% (7 of 8 times positive)
Read more.
Fri, November 6, 2026 at 12:37 PM UTC
Wall Street is overreacting to data center backlash, Yardeni says
The stock market’s Thursday rout in artificial intelligence boom trade may have been an overreaction to growing political opposition to data center construction, according to one prominent bull.
AI and chip stocks plunged Thursday as major indexes erased their post-midterm election rally. One key worry is that about 45% of planned US data center capacity faces possible restrictions after tallying newly elected state governors who have promised to stop or pause construction, according to Goldman Sachs estimates.
But Yardeni Research is calling those mounting restrictions a setback.
“We view the political backlash as another constraint on AI investment, alongside financial and physical bottlenecks. But these are speed bumps, not roadblocks, even though Wall Street seems to be pricing in the latter,” Yardeni Research wrote in a Friday note to clients.
“We think that’s overdone,” the strategists said, referring to Thursday’s sell-off as a “buying opportunity.” The firm is sticking with its year-end target of 7,900 on the S&P 500.
Yardeni pointed to Texas, a major data center hub, where newly elected governor Gina Hinojosa said Thursday afternoon in a CNN interview that already permitted projects would be allowed to finish construction.
The distinction matters. Permitted data center projects account for “essentially all of Texas’s planned data center capacity in 2027 and likely much of 2028,” according to Yardeni.
Fri, November 6, 2026 at 12:00 PM UTC
Friday’s jobs report is expected to show the labor market chugging along
Employment data scheduled for release on Friday is expected to show the labor market remains steady. Yahoo Finance’s Claire Boston previews what to expect from today’s jobs report:
Economists surveyed by Bloomberg expect that the economy added 65,000 jobs in October, an improvement from September’s underwhelming 29,000 additions. The unemployment rate is expected to hold steady at 4.2%, while wage growth is seen improving 0.3% from September.
Those numbers would be consistent with the “low hire, low fire” environment that has defined the labor market for the past several years. While few companies are hiring aggressively, most aren’t conducting major layoffs either.
Recent initial jobless claims have looked “exceptionally benign by historical standards,” Bank of America economist Shruti Mishra wrote in a note.
“Despite recent high-profile layoff announcements, the absence of any pickup in claims suggests economy-wide layoffs remain contained,” she added.
Read more.
Workers listen to US President Donald Trump speak on the day the final steel beam goes into the ballroom, at the White House in Washington, DC, US, November 4, 2026. REUTERS/Evan Vucci · Reuters / REUTERS
Fri, November 6, 2026 at 11:00 AM UTC
Tesla’s EV arc could be a blueprint for the post-data center backlash
Yahoo Finance’s Hamza Shaban writes:
When President Trump and his allies in Congress moved to end the EV subsidy, automakers braced for a crash in electric car sales. Tesla (TSLA), the US leader, was especially vulnerable because it didn’t have gas-powered vehicles to lean on, and keeping prices as low as possible was crucial to competing with EV rivals.
But those initial worries gave way to optimism.
In a new regulatory environment, one that was more hostile to EVs, Tesla used the disappearing $7,500 tax break as an advantage. It lost a valuable subsidy, but used its scale to win a war of attrition, thereby consolidating the market. Other firms needed the subsidy even more, and though Tesla got hurt, the damage was less than its peers’ in many ways.
On top of that, a new barrier to entry was in place, and Tesla’s competitive moat got wider.
That’s a roadmap for how Big Tech could navigate the data center backlash. And it helps explain why many investors are bullish on hyperscaler stocks despite a nationwide referendum against data centers and notable victories from candidates opposing them.
Read more.
Fri, November 6, 2026 at 10:00 AM UTC
Airbnb ‘back in growth mode,’ CEO says after strong quarter. Stock jumps after hours.
Airbnb (ABNB) stock jumped after hours after the peer-to-peer home rental company touted strong growth across its business and raised its full-year outlook amid healthy global travel demand.
“Airbnb is back in growth mode,” CEO Brian Chesky said in a release to investors. “It’s rare for a marketplace of our size to reaccelerate growth, but that’s exactly what we’re doing. In Q3, we delivered our fastest revenue growth in more than three years, with acceleration across our business, including our most established markets.”
In the third quarter, Airbnb reported earnings per share of $3.16, surpassing Wall Street analyst estimates of $2.85 per share, according to S&P Global Market Intelligence data. Revenue grew 19% to $4.87 billion, also beating estimates of $4.74 billion.
“In North America, nights booked grew at their fastest pace in four years,” the company said. “We’re also seeing more guests return to Airbnb, and more people try it for the first time.”
The strength of the company’s quarter led it to raise its guidance for the remainder of the year.
In the fourth quarter, Airbnb expects revenue to grow 16%-19% to a range of $3.22 billion to $3.28 billion, exceeding the Street’s midpoint estimate of $3.16 billion.
For the full year, Airbnb forecasts revenue growth in the high teens and adjusted EBITDA margins to increase to approximately 36%.
Fri, November 6, 2026 at 9:00 AM UTC
Good morning. Here’s what’s happening today.
Economic data: Change in nonfarm payrolls, October (+55,000 expected, +29,000 prior); Change in private payrolls, October (+55,000 expected, +46,000 prior); Change in manufacturing payrolls, October (0 expected, +9,000 prior); Average hourly earnings, month-on-month, October (+0.3% expected, +0.1% prior); Average hourly earnings, year-on-year, October (+2.9% expected, +3% prior); Unemployment rate, October (4.2% expected, 4.2% prior); Labor force participation rate, October (+61.8% prior); U. Mich. sentiment, November preliminary reading (47.3 expected, 48 prior); U. Mich. current conditions, November preliminary reading (46.7 prior); U. Mich. expectations, November preliminary reading (48.8 prior); U. Mich. 1-year inflation expectation, November preliminary reading (4.7% prior); U. Mich. 5-10 year inflation expectation, November preliminary reading (3.5% prior)
Earnings calendar: Enbridge (ENB), Moderna (MRNA), Brookfield Asset Management (BAM), Humana (HUM), Vistra Corp. (VST), Ubiquiti (UI), Franklin Templeton (BEN), Charter Communications (CHTR)
Catch up on some top stories you might have missed overnight:
Retail traders dump $257 million in stocks in 5th biggest selling day since 2020
Trump pins the market’s plunge on Democrats’ midterm wins
Dollar lures bids for safety as AI rout grips Asian markets
As high oil prices curb demand, fresh signs of glut appear
The New York Times reportedly in talks to buy Letterboxd for $330 million