Stocks rebound after tech selloff that pushed Nasdaq into correction

What happened: U.S. stocks stabilized at Friday's open after a tech selloff driven by concerns over a potential slowdown in data center construction. The Nasdaq had fallen more than 1,400 points on Thursday and entered a correction. Key numbers: S&P 500 up 72 points, nearly 1%. Nasdaq Composite up 437 points, 1.8%. Dow down 129 points, 0.2%. Why it matters: Investors were assessing whether sweeping Democratic midterm victories could lead to tighter restrictions on building data centers and weaker spending on artificial intelligence. Tech stocks recovering helped pull the Nasdaq higher. Coverage: 7 outlets in 24h

U.S. stocks stabilized at Friday's open after a tech selloff driven by concerns over a potential slowdown in data center construction. The Nasdaq had fallen more than 1,400 points on Thursday and entered a correction.

Investors were assessing whether sweeping Democratic midterm victories could lead to tighter restrictions on building data centers and weaker spending on artificial intelligence. Tech stocks recovering helped pull the Nasdaq higher.