US Stocks Rebound After Tech Selloff, Nasdaq Exits Correction Territory

U.S. financial markets showed signs of recovery on Friday, with stocks rebounding after a steep selloff the previous day that had pushed the tech-heavy Nasdaq Composite into a 'correction'. The S&P 500 climbed, erasing losses, while the Nasdaq Composite rose significantly, driven by a recovery in chipmakers and other AI-related stocks. The rebound follows concerns over a potential slowdown in data center construction and investor jitters regarding AI sector valuations.