Wall Street rebounds as chip stocks rally after heavy AI-related selloff

The S&P 500 and Nasdaq closed higher, led by technology and semiconductor stocks, with the Philadelphia Semiconductor Index gaining 4.2%. All three major US indexes, however, posted weekly losses

Nov 7, 2026 - 05:00
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Wall Street rebounds as chip stocks rally after heavy AI-related selloff
The S&P 500 and Nasdaq closed higher, led by technology and semiconductor stocks, with the Philadelphia Semiconductor Index gaining 4.2%. All three major US indexes, however, posted weekly losses

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