U.S. stocks on Friday: The Nasdaq rose 1.09% to 24,579.42, the S&P 500 rose 0.31% to 7,376.86, and the Dow fell 0.46% to 51,285.73. Chip stocks led the rebound, with AMD up more than 11%. The VIX retreated about 9% to 25.64.
For the week, the S&P 500 fell 2.7%, the Nasdaq fell 3.4%, and the Dow fell 0.9%, marking the worst week since June. October nonfarm payrolls increased by 165,000, far exceeding expectations, while the unemployment rate fell to 4.1%. Market expectations of a Federal Reserve rate hike in December rose to about 78%.
Bitcoin held steady near $76,000 over the weekend. $BTC
(Source: CNBC/Reuters; closing data for November 6)
For the week, the S&P 500 fell 2.7%, the Nasdaq fell 3.4%, and the Dow fell 0.9%, marking the worst week since June. October nonfarm payrolls increased by 165,000, far exceeding expectations, while the unemployment rate fell to 4.1%. Market expectations of a Federal Reserve rate hike in December rose to about 78%.
Bitcoin held steady near $76,000 over the weekend. $BTC
(Source: CNBC/Reuters; closing data for November 6)