Tech stocks stage partial rebound while dollar gains after US jobs data

Detailed summary

Tech shares rose Friday, recovering a fraction of losses from the prior session's rout as the dollar rallied after better than expected US jobs data.

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ech shares rose Friday, recovering a fraction of losses from the prior session's rout as the dollar rallied after better than expected US jobs data.

Investors welcomed a partial recovery for the tech-heavy Nasdaq after its plunge on Thursday, which sent Asian and European markets tumbling.

But the Nasdaq technically entered a correction after dropping more than 10 percent over the past month, reflecting worries that sweeping victories by Democrats in this week's US elections would slow or derail the artificial intelligence data center buildout.

Opening of the article, excerpted from The Jakarta Post. To read the rest, open the article on the publisher's site.