U.S. stock markets rebounded on Friday, November 6, 2026, following a sharp selloff the previous day. The S&P 500 climbed 72 points, or nearly 1%, while the tech-heavy Nasdaq Composite rose 437 points, or 1.8%. The Dow Jones Industrial Average fell 129 points, or 0.2%. The selloff was driven by concerns over a potential slowdown in data center construction, which could impact spending on artificial intelligence.
Markets had initially surged after the midterm elections earlier in the week but reversed course on Thursday. Investors were assessing whether Democratic victories could lead to tighter restrictions on data center construction and reduced AI spending. Tech stocks began recovering on Friday, helping the Nasdaq bounce back after a steep decline that pushed the index into a correction.
The Nasdaq had shed more than 1,400 points on Thursday, marking a drop of at least 10% from its previous peak. Chipmaker Nvidia gained 6.6% in early trading, and semiconductor manufacturer Micron Technology rose 9.8%. The situation remains fluid, with updates expected as the story develops.