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S&P 500 Rises 0.9% as Chip Stocks Rebound
Why is the stock market up today?
S&P 500 (^GSPC) rose about 0.9% to 7,419.83 in Friday trading as chip stocks rebounded from Thursday's rout, helped by a stronger-than-expected jobs report showing 165,000 new jobs.
Key numbers
| S&P 500 | 7,419.83+0.90% midday Friday |
|---|---|
| Nasdaq Composite | 24,702.88+1.60% midday Friday |
| VIX (fear gauge) | 23.81-15.5% at midday (per [1]) |
| Nvidia | +6%after -9.3% on Thursday |
| October jobs added | 165,000unemployment 4.1% |
What happened
S&P 500 (^GSPC) rose about 0.9% to 7,419.83 in Friday trading as chip stocks rebounded from Thursday's rout, helped by a stronger-than-expected jobs report showing 165,000 new jobs. The Nasdaq, an index packed with tech companies, gained about 1.6%, and the VIX, a gauge of investor fear, fell sharply. Nvidia rose about 6% after sliding 9% on Thursday, when AI-linked stocks dropped on worries that data center building could slow after Democratic election wins. Thursday was the Nasdaq's worst day since April 2025.
Why it matters
The S&P 500 is the index behind many retirement and index funds, so Thursday's 4.4% drop and Friday's partial bounce affect ordinary savers' balances. Thursday's selloff showed how much the market now leans on AI spending, with chip stocks sliding 12% as a group and Nvidia turning negative for the year. Friday's gains win back only part of those losses.
Who this affects
- MarketmixedMedium impact
- Stock investors get partial relief after Thursday's sharp losses.
- CompanybullishMedium impact
- Nvidia and Micron shareholders win back part of Thursday's losses.
- CompetitorsneutralLow impact
- Dow lagged, up only 0.07%, as tech led the gains.
- IndustrymixedHigh impact
- Chipmakers rebound, but data center demand worries remain.
S&P 500 vs Nasdaq Composite, Dow Jones
| S&P 500SPX | 7,419.83 | +0.90% | -4.4% |
|---|---|---|---|
| Nasdaq CompositeIXIC | 24,702.88 | +1.60% | -5.5% |
| Dow JonesDJI | 51,556.80 | +0.07% | -3.4% |
As of 2026-11-06T16:34:00Z
How we got here
S&P 500 falls 4.4% to 7,353.73; Nasdaq drops 5.5% into correction.
Philadelphia chip index falls 12%, second-biggest drop on record; Nvidia slides 9%.
U.S. reports 165,000 October jobs added; unemployment rate 4.1%.
Chip stocks rebound; S&P 500 up 0.9%, Nasdaq up 1.6% at midday.
What to watch
- Final Friday closing levels, since figures here come from midday trading, before the market closed.2026-11-06
- Whether chip stocks keep recovering from Thursday's steep losses.2026-11-09
- Whether data center limits and AI spending plans change after the election results.Q4 2026
Educational content only. Not investment advice.
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