Nasdaq up 1.5% after tech selloff wipes nearly $3 trillion
Business
After a rough tech selloff that wiped out nearly $3 trillion from S&P 500 companies (thanks to worries about stricter AI rules), Nasdaq futures made a strong comeback, up 1.5% on Friday.
S&P 500 futures also edged higher, but the Dow Jones slipped by almost 1%.
Basically, tech stocks are trying to recover after a week of major uncertainty.
Chipmakers rebound as India markets outperform
Big chipmakers like NVIDIA, AMD, and Intel rebounded with gains of up to 8.3%, as investors shook off some regulation fears.
Asian markets saw sharp drops, while European markets were also trading in negative territory.
Meanwhile, India stood out: the Nifty and Sensex both jumped over 1%, boosted by foreign investment and positive local vibes, showing resilience even when global markets looked shaky.