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San Jose
Serving San Jose, California (Santa Clara County)Vol. 1, No. 12
Business

The Market Wrap, Friday, November 6, 2026

AI and chip stocks rebounded after Thursday's selloff, lifting the S&P 500 and Nasdaq, while a strong October jobs report kept December Fed rate-hike talk alive.

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AI-generated illustration:  a glowing microchip on a dark circuit board with green upward arrows, evoking Friday's rebound in AI and semiconductor stocks.
AI-generated illustration of a chip amid rising market arrows.  This is not a photo of any company's product or headquarters. — AI-generated illustration

U.S.  stocks finished mixed Friday as AI and chip shares bounced back from Thursday's selloff, according to Yahoo Finance closes about 1:35 p.m.  Pacific and The Associated Press.  The S&P 500 rose 23.13 points, or 0.31%, to 7,376.86.  The Nasdaq Composite gained 264.43 points, or 1.09%, to 24,579.42, a close that matches Nasdaq's index page.  The Dow Jones Industrial Average fell 237.33 points, or 0.46%, to 51,285.73.

The U.S.  Bureau of Labor Statistics said employers added 165,000 jobs in October and the unemployment rate was 4.1%, with August and September revised up by a combined 84,000.  That stronger hiring revived talk of a Federal Reserve rate increase in December, AP reported.  Santa Clara's Nvidia rose 2.78% to $186.64; Advanced Micro Devices jumped 11.04% to $449.04; Intel gained 7.71% to $56.28; Palo Alto's Broadcom added 0.74% to $293.69.  Cupertino's Apple slipped 0.52% to $342.37.  No major Bay Area earnings landed after the bell; Cisco and Applied Materials report next week.

For savers, a rebound can lift 401(k) and IRA balances that hold stock funds.  Bets on higher Fed rates can mean higher borrowing costs on mortgages and credit cards.  The S&P 500 still finished the week down about 2.7%, AP said.

Source:  Yahoo Finance closes, Nov.  6, 2026, Nasdaq Composite index history, BLS Employment Situation — October 2026 and AP.

Drafted by AI from the linked public source. Approved by a Daily News Editor.

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