Dow Jones falls 237 points as Nasdaq, S&P 500 rebound on tech buying

The Dow Jones Industrial Average closed down 237.33 points (0.46%) on Friday, November 6, diverging from a rebound in the Nasdaq and S&P 500 driven by a recovery in technology stocks. The Nasdaq rose 1.09% and the S&P 500 gained 0.31%, led by a 4.2% surge in semiconductor stocks. Despite the daily rebound, all three major indexes posted weekly losses, with the S&P 500 experiencing its worst week in over a year. The tech rebound followed heavy selling triggered by concerns over stricter AI regulation after the Democratic congressional victory. Strong October jobs data increased market expectations to 78% for a Federal Reserve rate hike in December.