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
Published: November 7, 2025 Summary: Wall Street ended Friday mixed after a bruising tech-driven downdraft on Thursday. The Nasdaq logged its steepest weekly drop since April as investors questioned AI valuations, while a historic U.S. government shutdown erased key economic releases for a second month—forcing traders to lean on private labor gauges. Tesla’s shareholder approval of Elon Musk’s record $1 trillion pay package added a headline-grabbing twist to a volatile two-day stretch. Reuters+3Reuters+3Reuters+3 Friday, Nov. 7: Late Bounce Leaves Indexes Mixed Stocks clawed back from deep morning losses after reports of progress toward ending the federal shutdown, leaving the Dow