Nasdaq Rises After Brutal 19-Month Rout Nauman Khan Mon, November 9, 2026 at 6:32 AM EST 1 min read ^IXIC +1.09% QCOM -0.37% ARM -0.62% Explore stocks on Coinbase Trading disclosure Trading disclosure The above button links to Coinbase. Yahoo Finance is not a broker-dealer or investment adviser and does not offer securities or cryptocurrencies for sale or facilitate trading. Coinbase pays us for certain activity generated through this link. Prices displayed are informational.
The Nasdaq Composite rebounded Friday, attempting to recover from its steepest one-day decline in 19 months, which pushed the index into correction territory.
The index had fallen 5.52% on Thursday, extending its retreat from the October peak to more than 10%. The decline also left the Nasdaq on track for a fourth consecutive weekly loss as investors reassessed the outlook for technology and artificial intelligence stocks.
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Nasdaq-100 rose more than 1% pointing to a potential recovery following the previous session's selloff.
Concerns about the pace of AI infrastructure investment weighed on sentiment after this week's midterm election results, particularly in states hosting major data-center projects. Disappointing updates from semiconductor companies Qualcomm and Arm Holdings also added pressure.
Investors were also assessing a stronger-than-expected October U.S. jobs report for its potential implications for Federal Reserve interest-rate policy. Despite Friday's recovery, the Nasdaq remained on course for another weekly decline.
