Nasdaq rebounds 1% following worst session in 18 months as traders snap up tech shares: Live updates
Source: CNBC ·
A bout of hard selling battered the stock market Thursday, sending the three major averages to their worst session since April 2025.
From the source
The Nasdaq Composite rebounded on Friday as some investors bought the dip in chip stocks following a punishing sell-off that sent the index into correction territory. The tech-heavy Nasdaq bounced 1.09% to close at 24,579.42. The S&P 500 rose 0.31% to end at 7,376.86, while the Dow Jones Industrial Average lost 237.33 points, or 0.46%, and settled at 51,285.73. Worries of a potential slowdown in data center construction following big Democratic wins in the House and Senate and key state governorships hit U.S. markets hard on Thursday. The heavy selling on Thursday sent the three major stock averages to their worst one-day losses since April 2025. The Nasdaq Composite tumbled 5.5%, closing more than 10% below its most recent high and putting it in what Wall Street regards as a correction. The broad-market S&P 500 lost 4.4%, while the Dow fell more than 1,800 points, or 3.4%. All 11 sectors in the S&P 500 closed lower that day, but shares of companies tied to the AI buildout led the…