Nasdaq rebounds but posts fourth straight weekly decline

The Nasdaq Composite Index rebounded on November 6 from its worst decline in over a year, but the index still posted a fourth consecutive weekly decline. Technology stocks, including semiconductor index, Nvidia, Advanced Micro Devices, and Sandisk, rallied, reflecting investor confidence in the AI buildout. Despite the recovery, the Nasdaq is in correction territory, down 10% from its peak a month ago.

The S&P 500 climbed 0.32% to 7,376.92 points, while the Dow Jones Industrial Average fell 0.46% to 51,286.21 points. Analysts suggest that the recent volatility may present a buying opportunity, while the strong US labor market and Federal Reserve's potential rate hikes next month remain key factors to watch.

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