Tech stocks rebound as Nasdaq recovers after AI concerns
New York stock markets opened mixed Friday, with the Nasdaq showing a rebound after a sharp decline Thursday fueled by concerns about artificial intelligence regulation. The market’s reaction comes as new data indicates the U.S. labor market remains resilient, bolstering expectations of a potential interest rate hike in December.
In early trading, the Dow Jones Industrial Average fell 486.37 points, or 0.94%, to 51,036.69 points. The broader S&P 500 increased by 0.26% to 7,373.17 points. The Nasdaq Composite gained 1.23% to 24,614.53 points.
Technology stocks recovered ground after Thursday marked one of the worst days for the New York Stock Exchange since April 2025, when then-President Donald Trump announced tariffs on major trading partners.
Leading tech companies, semiconductor manufacturers, and data center operators, which were negatively impacted by concerns about stricter AI regulations following the Democrats’ midterm election victory, showed signs of recovery. Democrats plan to introduce legislation to regulate AI systems and data center construction when they take control of Congress in January, according to sources.
White House economic advisor Kevin Hassett stated on CNBC that there is significant growth potential for data centers and that local governments should decide whether to host them.
The Philadelphia semiconductor index, which had dropped more than 12% on Thursday, rose approximately 5% at the open. Tesla and SpaceX also moved into positive territory after two consecutive days of losses.
Investors are also analyzing recent U.S. labor market data, which exceeded expectations with a significant increase in job creation and a slight decrease in the unemployment rate. This reinforces the anticipation of a Federal Reserve interest rate increase in December.
Airbnb shares climbed 9.7% after the company raised its 2026 revenue growth forecast. Mattel, the maker of Barbie, fell 2% due to a downward revision of its outlook.
Source
“Wall Street ouvre en ordre dispersé, le Nasdaq se redresse avec le rebond de la tech”
Read the original report (in French) ↗This story was written with the help of AI from the original report credited above and published after automatic checks. No person read it before publication. Errors reported to us are corrected and listed on our corrections page. Read our editorial policy · Report an error · Corrections
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