US tech stocks recover after steep losses, Nasdaq up 1.1%

US tech stocks mostly closed higher on Friday, recovering after sharp losses the previous day. The Nasdaq rose 1.1 percent. The rebound followed Thursday's 5.5 percent drop, the index's steepest decline since April last year, as investors feared Democrats' midterm election victory would curb AI growth. The Dow fell 0.5 percent, while the S&P 500 gained 0.3 percent. The market's partial recovery suggests investor concerns about potential regulatory limits on AI development may be easing, though the Dow's decline indicates mixed sentiment across sectors.