Nasdaq, S&P 500 aim higher, attempting to move past tech selloff
Bullish strength: 65/100
- S&P 500 gained 1% and Nasdaq Composite advanced 1.8%.
- AMD, SanDisk, Micron, and Dell rebounded alongside AI-related stocks.
- October payroll growth and upward revisions totaling 84,000 jobs indicated labor-market resilience.
Bearish strength: 35/100
- Technology stocks were recovering from a persistent tech-led selloff.
- 10-year Treasury yield rose 4 basis points to 4.88%.
- 2-year Treasury yield increased 8 basis points to 4.55%.
- Employment gains were concentrated in technology-related sectors, raising concerns about breadth.
This is automated NewsSignals analysis of third-party reporting, not independent original reporting or investment advice. AI scores are not price predictions.