AI and tech stocks rebound as Nasdaq rises 1.1%
Business
AI and tech stocks made a small comeback on Friday after a massive slump that wiped out trillions in value.
The Nasdaq rose 1.1%, clawing back some of Thursday's 5.5% fall, while the S&P 500 edged up too.
Companies like NVIDIA and Tesla saw gains, even as talk of tougher AI rules grew louder after the Democrats's midterm win.
US adds 165,000 jobs amid selloff
Surprisingly strong US job numbers, 165,000 new jobs in October, helped calm investors worried about new regulations.
Still, things stayed rough overseas: South Korea's stock market tumbled 6%, and Europe's indexes slipped too.
With the UK bracing for an interest rate hike, investors everywhere are watching closely as the AI industry faces more scrutiny and uncertainty about what comes next.