Nasdaq Rebounds 1.1% After Thursday's $2.5 Trillion Tech Rout While the Dow Slips 237 Points

Wall Street finished a turbulent post-election week with a mixed session on Friday, 6 November. The Nasdaq Composite climbed 264.43 points (+1.1%) to 24,579.42 and the S&P 500 edged up 23.13 points (+0.3%) to 7,376.86, staging a partial bounce after Thursday's historic selloff had erased roughly $2.5 trillion in market value. The Dow Jones Industrial Average lagged, falling 237.33 points (-0.5%) to 51,285.73.

For the full week, the Nasdaq still logged a 3.4% loss, the S&P 500 fell 2.7% and the Dow slipped 0.9%.

What happened

Thursday's 5.5% plunge in the Nasdaq—its worst single day since April 2025—was triggered by a sudden reassessment of US midterm election results, where a Democratic sweep of Congress and local ballot pushback against power-hungry data centers rattled the AI infrastructure trade. On Friday, dip-buyers stepped back into beaten-down semiconductor leaders: Nvidia gained roughly 2.6% and Micron climbed nearly 4%, helping technology stabilise while industrials and financials weighed on the Dow.

Why it matters for traders

• First bounces after a 5.5% index drop are often tentative. A 1.1% Friday recovery recaptured only a fraction of Thursday's drop, meaning overhead supply remains heavy.
• Divergence between Nasdaq and Dow shows rotation in reverse. Money that hid in Dow industrials earlier in the week rotated back into oversold chips on Friday.
• Volatility regimes shift quickly. Wide two-day swings increase the risk of tight stop-losses getting whipsawed on market opens.

What to watch

• Whether the Nasdaq can hold Friday's low near 24,300 or retests its correction trough next week.
• Follow-through in semiconductor bellwethers ahead of Nvidia's upcoming earnings report later in November.

Educational content, not investment advice. Practise US stock and tech volatility setups risk-free in the Trading Titans paper trading app.