On Wall Street, the tech-heavy Nasdaq Composite rebounded to close up 1.1%, partially reversing a previous 5.5% drop. Major industry firms that had suffered steep losses, including Nvidia, Tesla, and SpaceX, recovered some ground. The S&P 500 rose 0.3%, while the Dow Jones Industrial Average finished slightly down by 0.4%. Meanwhile, international markets struggled; South Korea's Kospi dropped 6%, and major indexes in the UK, Germany, France, and Spain all ended the day lower.
Market sentiment was further influenced by the release of stronger-than-expected US employment data on Friday morning. According to the Bureau of Labor Statistics, the US economy added 165,000 jobs, while the unemployment rate dipped slightly to 4.1%. Analysts noted that while the jobs report took a backseat to the massive tech stock fluctuations, it indicates that the broader US economy remains resilient despite ongoing market volatility.
