Nasdaq Ends Week 3.4% Lower Despite Friday Tech Rebound as Jobs Data Tops Forecasts
Photo: CoinCentral
TLDR The Nasdaq rose 1.1% Friday but still lost 3.4% for the week. The S&P 500 posted its worst weekly result since June, down 2.7%. Chip stocks led the rebound, while the rest of the market stayed flat. The US added 165,000 jobs in October, well above the 65,000 expected. October consumer price index data is due next week. Wall Street closed a rough week with a rebound on Friday. It was not enough to erase the losses from earlier in the week. The Nasdaq Composite gained 1.1% on Friday to finish at 24,579.42.
Source: CoinCentral
