Why it matters
- The Nasdaq Composite rose 264.42 points, or 1.09%, to 24,579.42 on Friday, Nov. 6, and the PHLX Semiconductor Index gained 4.21%, Yahoo Finance data showed. The Dow fell 0.46%.
- For the week, the Nasdaq fell 3.37%, the S&P 500 2.68% and the Dow 0.94% from their Oct. 30 closes. The chip index lost 12.15%, Yahoo Finance data showed.
- Employers added 165,000 jobs in October, the BLS said. The 2-year Treasury yield rose to 4.51% from 4.46%. Brent settled at $98.32, Bloomberg reported, after its biggest weekly drop since 2022.
Session recap: what happened in this region's trading day, with sources.
Chip stocks bounced back on Friday, Nov. 6, a day after a steep rout, while the Dow slipped. The Nasdaq Composite rose 264.42 points, or 1.09%, to 24,579.42, and the S&P 500 gained 23.13 points, or 0.31%, to 7,376.86, according to Yahoo Finance data. The Dow Jones Industrial Average fell 237.33 points, or 0.46%, to 51,285.73. The October jobs report, released before the open, showed 165,000 new jobs, the Bureau of Labor Statistics said.
| Index | Friday close | Day | Week vs. Fri., Oct. 30 |
|---|---|---|---|
| S&P 500 | 7,376.86 | +23.13 (+0.31%) | −2.68% |
| Dow Jones Industrial Average | 51,285.73 | −237.33 (−0.46%) | −0.94% |
| Nasdaq Composite | 24,579.42 | +264.42 (+1.09%) | −3.37% |
| Russell 2000 | 2,754.11 | +24.22 (+0.89%) | −2.05% |
| Cboe Volatility Index (VIX) | 25.64 | −2.54 (−9.01%) | +32.03% |
| PHLX Semiconductor Index | 9,390.25 | +379.11 (+4.21%) | −12.15% |
| S&P/TSX Composite (Canada) | 35,789.09 | +183.79 (+0.52%) | +0.47% |
| Ibovespa (Brazil) | 168,498.45 | +2,306.45 (+1.39%) | +0.34% |
| S&P/BMV IPC (Mexico) | 71,393.57 | +306.01 (+0.43%) | +2.31% |
Source: Yahoo Finance daily chart data. Weekly changes are from Friday, Oct. 30, closes.
Why did the Nasdaq rise today?
The Nasdaq rose because buyers returned to chip stocks after Thursday's rout, which pushed the index into a correction, CNBC reported. AMD rose 11.04%, Intel 7.71%, Micron 5.12%, Qualcomm 5.52% and Nvidia 2.78%, Yahoo Finance data showed. The Dow lagged after opening sharply lower, CNBC said. Microsoft fell 0.99% and JPMorgan Chase 0.84%.
"I don't think we're at the bottom, but I think you can see it from here," Chris Grisanti of MAI Capital Management told CNBC.
What did the jobs report show?
Total nonfarm payrolls rose 165,000 in October, and the unemployment rate was 4.1%, the BLS said. CNBC said economists expected 59,000 jobs and a 4.2% rate. August and September were revised up a combined 84,000. Average hourly earnings rose 0.4% for the month and 3.1% from a year earlier. Global Market News has the full jobs report story.
Which sectors and stocks moved the most?
The Technology Select Sector SPDR fund rose 1.45% and consumer staples fell 1.28%, Yahoo Finance data showed. For the week, tech fell 8.23% and energy 12.00%, while communication services gained 4.89%.
| Stock | Friday close | Change |
|---|---|---|
| IonQ | $32.62 | +23.42% |
| AMD | $449.04 | +11.04% |
| Vistra | $124.80 | +10.55% |
| Lam Research | $200.44 | +8.23% |
| Intel | $56.28 | +7.71% |
| Moderna | $254.19 | +5.27% |
| Humana | $433.74 | +5.33% |
| Microsoft | $530.61 | −0.99% |
| Enbridge | $46.89 | −2.54% |
| Microchip Technology | $58.35 | −10.02% |
| Five9 | $28.12 | −17.63% |
Source: Yahoo Finance chart data.
IonQ rose after raising its full-year revenue guidance, and Microchip fell on weak current-quarter guidance, CNBC said. Lam Research gained after authorizing a $25 billion buyback, Moderna after beating estimates and raising its 2026 revenue outlook, and Five9 fell after cutting its earnings guidance, CNBC reported. Microsoft and Oracle slipped after a report that Microsoft is winding down an AI computing-capacity deal with Oracle, CNBC said.
What happened to yields, oil and gold?
Treasury yields rose after the jobs report. The 2-year yield rose to 4.51% from 4.46%, and the 10-year to 4.86% from 4.84%, Treasury data showed. For the week, the 10-year fell from 4.94% on Oct. 30.
January Brent rose 0.03% to settle at $98.32 a barrel, and December WTI rose 0.3% to $90.83, Bloomberg reported via Rigzone. Front-month futures fell about 13.2% this week, the biggest weekly drop since 2022, Bloomberg said, as Saudi Arabia and the UAE restored crude shipments and hopes grew for an end to the Iran war. Gold futures were about $4,075 an ounce late Friday, down about 0.9%, Yahoo Finance data showed.
How did Canada, Brazil and Mexico trade?
Canada's S&P/TSX Composite rose 0.52%, and Shopify gained 4.59% in Toronto, Yahoo Finance data showed. Brazil's Ibovespa rose 1.39% as Vale gained 2.19%, while Petrobras fell 1.28%. Mexico's IPC rose 0.43% and gained 2.31% for the week.
What is on the calendar next week?
| Date | Event |
|---|---|
| Mon., Nov. 9 | 3-year note auction, $58 billion (1 p.m.) |
| Tue., Nov. 10 | October CPI (8:30 a.m.); 10-year note auction, $42 billion (1 p.m.) |
| Thu., Nov. 12 | 30-year bond auction, $25 billion (1 p.m.) |
| Fri., Nov. 13 | October PPI (8:30 a.m.) |
Sources: Treasury and the Bureau of Labor Statistics. Times are ET.
This morning's day-ahead guide set up the session, and our Europe Friday recap covers the selloff overseas. Thursday's rout is in our Americas Thursday recap.
Follow the rest of the trading day on our global market today page, with the latest Asia, Europe and Americas session recaps.
Sources
- CNBC, stock market live updates (Nov. 6, 2026, updated 4:22 p.m. ET)
- Bureau of Labor Statistics, The Employment Situation, October 2026 (Nov. 6, 2026), CPI schedule and PPI schedule
- Bloomberg via Rigzone, Oil Posts Biggest Weekly Drop Since 2022 (Nov. 6, 2026)
- U.S. Treasury, Daily Treasury par yield curve rates, 2026 and Quarterly Refunding Statement (Nov. 4, 2026)
- Yahoo Finance, daily chart data for the S&P 500, Dow, Nasdaq Composite, Russell 2000, VIX, PHLX Semiconductor Index, S&P/TSX Composite, Ibovespa, IPC, sector funds (XLK, XLP, XLE, XLC), gold futures, IonQ, AMD, Vistra, Lam Research, Intel, Micron, Qualcomm, Nvidia, Moderna, Humana, Microsoft, JPMorgan Chase, Enbridge, Microchip, Five9, Shopify (Toronto), Vale and Petrobras