US stock markets recover following a selloff in technology stocks.
Wall Street rebounded on Friday as chipmakers rallied, following a period where the Nasdaq Composite saw its steepest one-day decline in 19 months. The S&P 500 rose 0.31 percent while the Philadelphia Semiconductor Index gained 4.2 percent. Additionally, U.S. unemployment fell to 4.1 percent and 165,000 jobs were added in October.
- The unemployment rate ticked down to 4.1 percent.
- The Dow Jones Industrial Average closed at 51,285 points, down 237 points.
- The Nasdaq gained 264 points to 24,579.43 points.
- U.S. added 165,000 jobs in October.
- The Nasdaq Composite logged its steepest one-day decline in 19 months on Thursday.
- Wall Street rebounded from its 18-month low on Friday.
- The S&P 500 rose a marginal 0.31 percent.
- The Philadelphia Semiconductor Index gained 4.2 percent.
- Democrats won control of the House of Representatives and the Senate.
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