Wall Street steadied Friday after a sharp sell‑off triggered by Democrats’ midterm win, which sparked fears of tighter regulation on AI data centers. The Nasdaq 100 rose 1.5%, while the S&P 500 gained 0.7% in morning trading. Nvidia reclaimed over 4% after a 9% plunge that wiped $400bn of its market value, and Micron jumped 5% after a 17% drop the prior day. Market strategists noted the declines were over‑extended, suggesting a likely rebound and potential dip‑buying into year‑end. Asian and European markets also recovered modestly, with Japan’s Nikkei down 6% and the Stoxx Europe 600 off 1.9%.
Key names: Nvidia, Micron, Arun Sai, Pictet Asset Management. Notable figures: Nasdaq 100 +1.5%, S&P 500 +0.7%, Nvidia $400bn loss.
Key_entities: {"companies": ["Nvidia", "Micron", "Pictet Asset Management"], "people": ["Arun Sai"], "locations": ["Wall Street", "US"]}
Source: Financial Times Companies · Summarized by HeadlinesBriefing