Nasdaq Posts Worst Week Since April as AI Selloff Deepens; Mixed Close on Nov. 7 After Tech-Led Rout Nov. 6, Jobs Data Blackout Weighs on Sentiment
The Nasdaq fell 0.21% Friday to 23,004.54, capping its worst week since April as tech stocks slumped and investors questioned AI valuations. The Dow rose 0.16% and the S&P 500 gained 0.13% after signs of progress on the U.S. government shutdown. A data blackout forced traders to rely on private labor reports, while Tesla shareholders approved Elon Musk’s $1 trillion pay package.