# Nasdaq Adds 264 Points as Tech Stocks Rebound

> Tech stocks rebounded slightly on Friday as Nasdaq closed up 1.1% but ended the week lower.
- Title: Nasdaq Adds 264 Points as Tech Stocks Rebound · Kiplinger
- Summary: Tech stocks rebounded slightly on Friday as Nasdaq closed up 1.1% but ended the week lower.
- Keywords: nasdaq, tech stocks, rebound, stock market, s&p 500, dow jones, micron technology, nvidia, airbnb, draftkings, cpi, Kiplinger
- Source: Kiplinger — https://kiplinger.com/investing/stocks/nasdaq-adds-264-points-in-tech-rebound-but-ends-the-week-lower-stock-market-today
- Published: 2026-11-06T21:09:39+00:00
- Read time: 1 min
- Topics: nasdaq, tech stocks, rebound, stock market, s&p 500, dow jones, ai, micron technology, nvidia, airbnb, draftkings, cpi
## Market Volatility
Stocks closed out a volatile week after Thursday's broad-based beatdown.
## Nasdaq Rebound
Nasdaq Composite rose 1.1% to 24,579 but remained in correction territory with a weekly decline of 3.4%.
## S&P 500 and Dow
S&P 500 finished up 0.3% at 7,376 for the day but down 2.7% weekly; Dow slipped 0.5% to 51,285.
## Tech Sector Rebound
Memory chipmaker Micron Technology and AI bellwether Nvidia both rose after Thursday's sell-off.
## Microsoft Cloud Concerns
Reports that Microsoft plans to use fewer neoclouds for AI workloads hung over the tech sector.
## Airbnb Earnings Beat
Airbnb jumped 11.7% after reporting third-quarter earnings of $3.16 per share, up 43% year over year.
## DraftKings Earnings Miss
DraftKings plunged 21.3% after reporting a top- and bottom-line third-quarter miss.
## Economic Data
U.S. added 165,000 new jobs in October, blowing past expectations for 59,000 jobs with unemployment at 4.1%.
## Key takeaway

Nasdaq Composite rose 1.1% to 24,579 Friday but remained in correction territory with a weekly decline of 3.4%.