US Stocks Open Mixed as Tech Rebounds After Massive Selloff (6 Nov)

Semiconductor shares recover from Thursday's selloff

Investors employed a buy-on-dips strategy on November 6, 2026, to recover from the semiconductor selloff that occurred the previous session. Before the opening bell, Nvidia rose roughly 4%, Advanced Micro Devices rose 7%, Micron rose 8%, a U.S. chip industry ETF advanced over 5%, and CoreWeave jumped more than 9%.

On Thursday, the Philadelphia Semiconductor Index fell 12.25%, with Nvidia slumping nearly 10% and AMD sliding 17%. Other stocks saw heavy selling on Thursday, as ThAMD fell nearly 11%, SK Hynix dropped almost 8%, Micron Technology shed 6.5%, Intel slid nearly 6%, Broadcom declined roughly 4.5%, and Nvidia fell approximately 3.8%.

Nvidia shares rose 4.2% in premarket trading on November 6, while other chip stocks including AMD, Intel, Broadcom, and Micron Technology gained between 5% and 9%. Meanwhile, Chinese demand for tin has moderated this year due to a slowdown in solar installations, a sector accounting for approximately 10% of global tin usage.

October jobs report triggers spike in Treasury yields

Treasury yields. This development limited gains in U.S. equity futures on Friday.

Traders have now increased the probability of a Federal Reserve interest rate hike in December to 78%, up from 70% previously.

Joe Saluzzi of Themis Trading said the strong employment numbers would normally point toward a hawkish stance from the Federal Reserve. However, he questioned whether the central bank would actually proceed with rate hikes given the current volatility in the markets.

Delhi Environment Minister Manjinder Singh Sirsa stated that air quality in the city is expected to worsen from tomorrow as winds are forecast to stop.

LME registered tin stocks have fallen to 3,885 tons, the lowest level since December last year.

This brings the total exchange inventory to just under 9,000 tons, a four-year low.

Market value drops $3.2 trillion amid AI data center concerns

The Nasdaq Composite alone lost an estimated $2.5 trillion in market value, marking its largest drop since March 2020.

Investors are concerned that Democratic majorities in states where opposition to large data-center projects is increasing could result in tighter restrictions and delays for new facilities.

Shares of Microsoft, Meta Platforms, Amazon, and Alphabet fell between 2% and 4% on Thursday.

Citi analysts suggested that while AI data center construction may continue, the pace of construction could be slower and the locations may change.

Separately, Iranian media reported that Iranian air defenses destroyed a U.S. There has been no confirmation of this report from the United States.

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Thursday's record decline hits global indices

Thursday's selloff impacted global markets significantly. The Dow Jones Industrial Average fell 1.14% to 52,737.2 points, according to ndtvprofit.com. Investing.com reported a larger decline of 3.44% for the Dow on the same day.

The S&P 500 dropped 3.09% to 7,451.32, per ndtvprofit.com. Investing.com recorded a steeper 4.36% decline for the index on Thursday. The Nasdaq Composite fell 4.8% to 2,448.

Global indices felt the pressure, with the MSCI Asia Pacific index experiencing its largest decline since 2025. South Korea triggered a circuit breaker, a mechanism used to halt trading to prevent panic, as stock prices fell. The CBOE Volatility Index, which tracks market fear, recorded its largest one-day jump in 19 months on Thursday before falling to 26.70 on Friday.

The market shifted from a deep contango, a condition where future prices are higher than spot prices, to a $125 premium.

Environmental conditions impacted local operations in South Asia. Delhi authorities ordered schools to offer online classes and encouraged work-from-home measures as the city recorded an Air Quality Index (AQI), a measure of air pollution, of 382. Lahore, Pakistan, saw its AQI improve to 149 on Friday from 312 the previous day.

Energy sector faces weekly losses as oil prices fluctuate

Energy markets showed mixed results on Friday as West Texas Intermediate oil increased 0.20% to $90.70 per barrel. Brent Oil Futures decreased 0.55% to $97.74 per barrel on the same day.

The S&P 500 energy index remains on track for a weekly drop of more than 11%. This performance reflects the broader volatility seen in global energy indices.

Corporate updates include Tesla, SpaceX, and Airbnb

Individual stock movements varied on Friday as Tesla shares rose 2.1% and SpaceX shares increased 5.5%. Atlassian shares dropped 15.9% following the release of first-quarter results.

Airbnb shares climbed 13.9% on Friday after the company raised its full-year 2026 revenue growth forecast.