Nasdaq Ends Week 3.4% Lower Despite Friday Tech Rebound as Jobs Data Tops Forecasts

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. For the week, the index fell 3.4%. The S&P 500 rose 0.3% to close at 7,376.86. That left it down 2.7% for the week, its worst weekly result since June.

BeCrypto News shows a short excerpt and links to the publisher. The full report belongs to CoinCentral.