US Market Wrap 6 November: Early Session, the Nasdaq 100 Gains 1.57% on Chip Buying
Published at 15:47 GMT.
Four of the five US indices we track were trading higher about an hour into Friday’s session, with the S&P 500 up 0.74%. The Nasdaq 100 rose furthest, gaining 1.57% in quotes timed at 15:42 GMT.
CNBC reported that some investors bought back into chip stocks after a punishing sell-off on Thursday that sent the Nasdaq Composite into correction territory. Within the S&P 500, information technology led the sectors with a 1.57% gain, while consumer staples fell furthest with a 0.70% loss.
Wall Street in early trading
| Index | Level | Change |
|---|---|---|
| Nasdaq 100 | 27,046.81 | +1.57% |
| Nasdaq Composite | 24,644.52 | +1.36% |
| S&P 500 | 7,408.36 | +0.74% |
| Russell 2000 | 2,744.67 | +0.54% |
| Dow Jones Industrial Average | 51,489.99 | -0.06% |
Intraday quotes at 15:42 GMT, the Russell 2000’s at 15:25 GMT, about an hour into the session; snapshots, not closes, measured against the prior session’s closes as published and ranked by change.
What to watch: The US Bureau of Labor Statistics releases the October consumer price index on Tuesday 10 November at 13:30 GMT.
Levels are from the price feed, measured against the prior session’s closes as published; percentages and counts not attributed to a source are The Edge’s calculations.
How these wraps are prepared: Methodology.
Sources: CNBC, US Bureau of Labor Statistics, The Edge.
