Nasdaq Rebounds 1.9% After $2.3 Trillion Sell-Off

What Happened on Friday

US equity markets rebounded on Friday, 6 November 2026, a day after suffering their worst single-session losses since April 2025, according to CNBC-TV18. The Nasdaq Composite, which had entered correction territory — meaning it closed more than 10% below its recent record high — climbed 1.9% on Friday. The S&P 500 advanced 1%. The Dow Jones Industrial Average bucked the trend, falling 99 points, or 0.2%.

The Numbers Behind the Moves

Thursday's sell-off wiped out roughly 2.3 trillion US dollars in market value, the report says. The Nasdaq Composite had plunged 5.5% that day, the S&P 500 fell 4.4%, and the Dow shed more than 1,800 points, or 3.4%. On Friday, semiconductor stocks led the recovery: a gauge tracking major chip companies jumped 6%, and the Nasdaq 100 gained 2%. Among individual chipmakers, Micron Technology shares climbed 9% after falling 17% the previous session, while Nvidia gained 3% after a 9% drop on Thursday, according to the report. The CBOE Volatility Index (VIX), a widely watched measure of expected market swings, had surged around 70% to 28 during Thursday's sell-off.

Context: Jobs Data and Rate Expectations

Investors also absorbed a stronger-than-expected US labour market reading. Nonfarm payrolls — the count of jobs added outside the farming sector — rose by 165,000 in October, topping all forecasts, according to data from the US Bureau of Labour Statistics cited in the report. The unemployment rate edged down to 4.1%. The report says private-sector payroll growth was the strongest since March. The strong jobs data reinforced expectations that the US Federal Reserve could raise interest rates at its December meeting, following an increase in September and a decision to hold rates steady in October. Short-term US Treasury securities came under pressure in this environment, the report notes.

Why It Matters for Job Seekers

The data centre and AI-spending concerns that triggered Thursday's sell-off are directly relevant to technology hiring pipelines globally, including in India, where many IT services firms depend on US technology investment.

• If you work in or are applying to semiconductor, cloud infrastructure or data centre roles, consider watching whether the concerns about slower data centre construction mentioned in the report are confirmed or contradicted in upcoming company earnings calls and capital-expenditure announcements.
• If you follow IT sector hiring in India, consider checking the next quarterly results from major Indian IT services companies, which often cite US technology spending trends as a key demand driver.
• If you track macroeconomic signals that affect hiring, consider noting the US Federal Reserve's December meeting, where rate decisions could influence corporate budgets and headcount plans in the months that follow.
• If you are monitoring the broader jobs market, consider watching the next US nonfarm payrolls release from the Bureau of Labour Statistics, which the Federal Reserve will review before its December meeting.

Audience note: This story covers US equity market movements and US labour data that can affect technology sector hiring worldwide, including in India. This is a news summary, not investment advice.