U.S. stocks ended mixed Friday, Nov. 6, as a chip-share rebound lifted the Nasdaq after an AI-related selloff, while weekly losses kept investors focused on infrastructure costs, regulation and jobs data.
The Nasdaq Composite closed at 24,579.42, up 1.1%, according to Nasdaq index data and AP. AP put the S&P 500 at 7,376.86, up 0.3%, and the Dow Jones Industrial Average at 51,285.73, down 0.5%.
Nvidia rose 2.8%. Reuters reported that the Philadelphia Semiconductor Index gained 4.2%, while AMD, Intel and Micron Technology advanced between 5% and 11%.
The daily gains did not reverse the week’s declines. The Nasdaq fell 3.4% for the week, the S&P 500 dropped 2.7% and the Dow lost 0.9%, AP reported. AP said the S&P 500’s weekly loss was its largest since April 2025, when President Donald Trump’s “Liberation Day” tariffs rattled markets.
The election outcome raised questions for investors about whether Democratic gains would bring tighter rules for artificial intelligence. AP and Reuters also reported that investors were examining whether spending on data centers and other AI infrastructure could generate adequate returns. “That’s causing some disruption in the expectations of investors,” Gerry Sparrow, president and portfolio manager at Sparrow Capital Management, told Reuters. EconoTimes previously covered stock-futures moves after Democratic election gains.
The U.S. Bureau of Labor Statistics (BLS) reported that employers added 165,000 jobs in October, above the prior 12-month average of 48,000 jobs per month. Unemployment stood at 4.1%, and average hourly earnings were 3.1% higher than a year earlier.
AP, citing CME Group data, reported that the jobs figures raised traders’ expectations of a Federal Reserve rate hike at its December meeting. The BLS has scheduled its November employment report for Dec. 4.
