US stocks close mixed as Nasdaq rebounds, Dow slips

US stocks closed mixed on Friday, with the tech-heavy Nasdaq rising 1.09% to 24,579.42 points, while the Dow Jones fell 0.46% to 51,285.73 points. The S&P 500 edged up 0.31% to 7,376.86 points. The session followed heavy sell-offs triggered by concerns over slowing artificial intelligence investments after the Democrats' sweeping midterm election victory. Technology shares led the Nasdaq's rebound, while industrial and broader market indices showed weakness. The mixed close reflects ongoing investor uncertainty about the policy implications of the election results and their potential impact on tech sector growth. Market participants continue to assess the outlook for AI-related spending amid shifting political dynamics.