The US Stock market opened mixed with S&P 500 and the Nasdaq indices opening slightly higher after a rebound from the markets post the previous session's sell off on Friday.
The Dow Jones Industrial Average was down 1%. The S&P 500 gained 0.3%, and the Nasdaq Composite increased 1.1%.
ALSO READ: US Job Openings Jump To Four-month High, Layoffs Decline
Also Read | Layoffs Are Rising In Tech, But These Skills Are Helping People Unlock Better Pay
Investors employed a buy-on-dips strategy for chip stocks, after the previous session's selloff, boosting the Nasdaq index.
A stronger-than-expected October jobs report pushed Treasury yields higher, limiting gains in US equity futures.
US markets were also weighed by expectations of a likely shift in the pace of data centre construction following Democratic wins in the House, Senate and key state governorships.
-
Indian Markets Turning Corner After Two Tough Years, Says Sandeep Tandon -
NDTV Profit Ignite 2026: Experts See Opportunity In Equities, Stay Bullish For Long-Term -
Buy Right, Sit Tight Does Not Work for Individual Stocks, Says Dinshaw Irani -
'Worst Is Behind': Quant MF Sees Market Bottom, Flags 'Extreme Euphoria' In Midcaps -
India's Mutual Fund Industry Could Become A $1 Trillion Opportunity, Say Fund Managers -
'Foreign Investors Are Baraatis': Raamdeo Agrawal's Take On LTCG Tax -
Stay Invested Through Market Cycles: Raamdeo Agrawal at NDTV Profit Ignite -
Ramesh Damani Remains Bullish On India For Next 20-30 Years, Sees Bargains Amid Market Weakness -
CAS Came After A Long Consultation Process: SEBI Chairman Tuhin Kanta Pandey AT NDTV PROFIT IGNITE -
Aim To Cut FPI Onboarding Time From Mth To Five Days: SEBI Chairman Tuhin Kanta Pandey AT NDTV PROFI
The West Texas Intermediate saw a 0.20% uptick to trade at $90.70, while the Brent Oil Futures saw a 0.55% downturn to $97.74 per barrel.
US stocks had declined during early trade on Thursday as Dow Jones witnessed profit booking post midterm polls' rally, while Nasdaq tumbled as semiconductor equities posted heavy selling. Dow Jones Industrial Average declined 1.14%, to 52,737.2 points, S&P 500 fell 3.09%, to 7,451.32, while the Nasdaq Composite slipped 4.8% to 24,48.
Semiconductor stocks slipped on Thursday, extending losses into a second straight day as heavy selling hit key memory, processor, and equipment makers.ThAMD tumbling nearly 11%, SK Hynix dropping almost 8%, Micron Technology shedding 6.5%, and Intel sliding nearly 6%. Broadcom and Nvidia also succumbed to the downward spiral, declining roughly 4.5% and 3.8%, respectively.
ALSO READ: Three Reasons Why US Stock Market Crashed After Super Rally: Nasdaq Sheds 5%, S&P 500 Cracks 3%
The slip comes as investors remain concerned over the potential impact of the election outcome on data-centre expansion. Democrats secured majority in states where opposition to large data-centre projects has been growing. Investors are assessing the possibility of tighter restrictions, delays and higher hurdles for new facilities.
Essential Business Intelligence, Sharp Market Insights, Practical Personal Finance Advice, Daily Fuel, Gold and Silver Prices and Latest Stories — On NDTV Profit.
