After the collapse: Nasdaq index rises about 2%

After yesterday's crash, the Nasdaq rose 2.1%, the S&P 500 gained 1%, and the Dow Jones fell 0.2%. Chip and AI stocks rebounded sharply: Micron and AMD climbed about 8%, Nvidia rose 5%. The October jobs report showed 165,000 new jobs, and unemployment fell to 4.1%.

Trading on Wall Street opened today after yesterday's sharp declines. The Nasdaq index, which had plunged 5.5%, rose 2.1%. The S&P 500, down 4.4%, gained 1%, while the Dow Jones, which fell 3.4%, continued to drop 0.2%. Chip and artificial intelligence stocks showed significant growth: Micron, which lost 17.5% yesterday, rose about 8%; AMD, down 17%, surged about 8%; Nvidia, which fell 9.26%, added about 5%. Broadcom rose about 6%, Intel about 5%. Among tech giants, Apple fell about 0.8%, Microsoft about 0.5%, Amazon about 0.5%, while Alphabet, Meta, and Tesla rose 1.4%–2.8%. The October jobs report showed 165,000 new jobs, and unemployment fell to 4.1%, pleasantly surprising the market. The indices revived expectations of a Federal Reserve rate hike in December and pushed bond yields higher.