{
  "id": 18556742,
  "title": "Nasdaq rebounds but remains on track for fourth straight weekly decline",
  "url": "https://urgent.news/2026/11/06/nasdaq-rebounds-but-remains-on-track-for-fourth-straight-weekly",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-06T19:36:46.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/stock-market-news/nasdaq-futures-rise-after-steep-ai-selloff-as-chip-stocks-stabilize-5007026"
  },
  "original_language": "en",
  "account": "On Friday, technology stocks rebounded from their worst decline in over a year, but the Nasdaq Composite index remained on track for a fourth consecutive weekly decline, according to Reuters. Technology stocks showed broad gains, with the semiconductor index up 4.4% and Nvidia, Advanced Micro Devices, and Sandisk rebounding. Despite the revival, the Nasdaq Composite was up 1.5%, or 365 points, at 24,682, down 3% from its peak a month ago. Keith Lerner, chief investment officer at Truist Advisory Services, believes AI remains the dominant theme in the current bull market and sees the recent sell-off as a potential buying opportunity. Adam Turnquist, chief cross-asset strategist for LPL Financial, views the stock volatility as a knee-jerk reaction following the election results that caused heavy selling in AI stocks. The S&P 500 was up 0.7%, at 7,411, while the Dow Jones Industrial Average fell by 20 points to 51,502. US nonfarm payrolls increased more than expected in October, with the unemployment rate falling to 4.1%, indicating a resilient labor market. Traders were adding to bets that the Federal Reserve could raise interest rates as soon as next month, with a 78% chance of a December hike compared to a 70% chance earlier. Despite the turbulence, Turnquist noted that copper, a crucial component in data center buildouts, was performing well and remaining above its 200-day moving average, suggesting real demand for AI.",
  "summary": null,
  "key_points": [
    "Nasdaq Composite remains on track for fourth weekly decline",
    "Technology stocks rebound, semiconductor index up 4.4%",
    "US labor market resilient with lower unemployment rate"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}