Nasdaq Opens Higher as Chip Stocks Rebound

U.S. stocks were mixed Friday after a sharp selloff pushed the Nasdaq into correction territory, as chip shares rebounded but concerns about tighter AI regulation and data-center development continued to weigh on sentiment. The Nasdaq opened higher, while the Dow fell and the S&P 500 edged up. A stronger-than-expected October jobs report and lower unemployment raised expectations that the Federal Reserve could hike interest rates, adding to market uncertainty. The prior session’s losses followed Democrats’ midterm victories, which investors viewed as a potential risk to AI-related expansion.