Nasdaq rebounds as tech stocks recover from losses
Technology shares bounced back on Friday from recent losses, helping the Nasdaq and S&P 500 advance. Investors continued evaluating the artificial intelligence sector and strong US payroll data.
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Technology shares rebounded on Friday afternoon, lifting the Nasdaq Composite by 365 points, or 1.5%, to 24,682. The bounce follows the worst single-session drop in more than a year across the sector. Despite the recovery, the index remains on track for its fourth consecutive weekly decline.
