Nasdaq 100 Rebounds 2% After Worst Day Since 2020, Payrolls Smash Estimates: Stock Market Today
benzinga_article·
- Wall Street rebounded on Friday, with the Nasdaq 100 rising 2% and chipmakers recovering from a previous AI rout, driven by a blowout October jobs report showing 165,000 jobs added and an unemployment rate drop to 4.1%.
- Major U.S. indices advanced, including a 0.9% gain for the S&P 500 and a 0.1% increase for the Dow Jones Industrial Average, while the CBOE Volatility Index fell 16% to 23.67.
- Strong corporate earnings and upgraded forecasts from companies like Karman Holdings and Quantinuum also supported market gains, counterbalancing steep drops from firms like DraftKings and Axon Enterprise.
