Nasdaq tech stocks recover but Wall Street logs 4th weekly loss

U.S. stocks ended mixed Friday as technology shares recovered from the previous day's steep sell-off, lifting the Nasdaq Composite more than 1%, though all three major indexes posted their fourth consecutive weekly loss. The Nasdaq rose 1.09% to close at 24,579.42, while the S&P 500 gained 0.31% to 7,376.86. The Dow Jones Industrial Average fell 237.33 points, or 0.46%, to 51,285.73. For the week, the S&P 500 lost 2.7%, the Nasdaq dropped 3.4%, and the Dow fell 0.9%. Thursday's sell-off erased approximately $1 trillion in combined market value from the Magnificent Seven stocks, with Nvidia plunging over 9% and Micron Technology falling 17%. Friday saw Nvidia gain more than 3%, Micron rise 5%, and Advanced Micro Devices climb 11%. Concerns over artificial intelligence spending intensified following Democratic victories in Tuesday's midterm elections, with some newly elected officials calling for greater oversight of data center construction. President Donald Trump defended the AI industry Friday, saying he supports continued development.