NVIDIA rally lifts Nasdaq after midterms amid jobs uncertainty
AI stocks made a comeback, with NVIDIA's shares jumping 5.6% and helping the Nasdaq rise by 1.1%. This rebound follows a rough patch.
Just after the US midterm elections, the Dow dropped 476 points as investors worried about the cost of new AI data centers and political uncertainty.
Strong US job numbers have kept things unpredictable.
S&P up, Tokyo Seoul down 6%
Even with AI stocks recovering, markets are still on edge. The S&P 500 managed a small gain, but global markets like Tokyo and Seoul saw bigger drops (both down 6%).
Recent Democratic wins have some folks in Texas concerned about pricey AI expansions and public pushback.
Meanwhile, high borrowing costs and inflation keep everyone guessing, especially with a Democratic Congress and a White House run by Trump and with Trump potentially holding veto power.