Nasdaq, S&P 500 rebound after sell-off on 165K jobs — SkimNews
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- Nasdaq and S&P 500 rebounded after a brutal sell-off as the US added 165,000 jobs.
- AI stocks halted a brutal, worldwide sell-off, while tech investors braced for more pain after a $2.5 trillion wipeout.
Why it matters: Tech shareholders saw the pain pause rather than end: the 165,000-job US hiring gain arrived with a rebound led by chip stocks, while SpaceX and Tesla jumped and the New York Times still has investors bracing for more pain after a $2.5 trillion wipeout.
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