US stocks rebound as chip shares recover, while strong jobs data revive rate-hike concerns

US stocks rose Friday as semiconductor shares recovered from the previous session’s selloff: the Nasdaq gained 1.09% and the S&P 500 0.32%, while the Dow fell 0.46%. Strong October employment figures renewed expectations of a Federal Reserve rate increase in December. (de53a3bd-13f2-4793-a32b-f115267ddc03)

• The Nasdaq gained 1.09% to 24,579.43 and the S&P 500 rose 0.32% to 7,376.92 at the close; the Dow fell 0.46% to 51,286.21. (de53a3bd-13f2-4793-a32b-f115267ddc03)· 1 source
• Nvidia and other chipmakers advanced after steep losses in the prior session; Nvidia rose 5.6%. (de53a3bd-13f2-4793-a32b-f115267ddc03)· 1 source
• The October jobs report showed 165,000 added jobs and unemployment falling to 4.1%, renewing market expectations of a December Fed rate hike. (de53a3bd-13f2-4793-a32b-f115267ddc03)· 1 source
• The report said the Nasdaq 100 had fallen more than 6% on Thursday amid concern about an AI slowdown following Democratic victories in the House and Senate. (1b4166df-ab66-432f-8aec-2860cf12a070)· 1 source
• A separate market update cited Brent crude futures settling at $98.29 after a 3.8% rise, and WTI crude closing at $90.52. (1a2253d2-1e4d-4c1e-9bd2-99db9af96b22)· 1 source