In brief
AI‑related stocks, down 19% over the past month, stopped selling on Friday, dragging global markets up 4.8%. The Nasdaq gained 0.4%, the S&P 500 0.1% and the Dow 0.4%, while Japan’s Nikkei number differs across reports: the Associated Press notes a 1.3% rise, whereas a separate AP note records a 5.7% fall.
AI‑related shares that had fallen 19% over the past month stopped selling on Friday, helping global markets climb 4.8% and easing the July–November loss for Wall Street. The rebound was driven by a 0.4% rise in the Nasdaq, a 0.1% lift in the S&P 500 and a 0.4% climb in the Dow Jones Industrial Average.
Japan’s Nikkei 225, which had been on the rise in the AP report, closed 1.3% higher, while a separate AP note states it fell 5.7%, creating a discrepancy between the two accounts.
Meanwhile, the Shanghai and Korean markets showed sharp movements: South Korea’s Kospi fell 7.4%, and the Nikkei, according to one source, dropped 5.7%. Asian investors remained cautious amid lingering concerns about continued rate hikes and earnings uncertainties, a sentiment echoed in Reuters coverage referenced by the AP piece.
Market analysts in the AP article said the rally was largely driven by optimism around corporate earnings and a healthier outlook for the U.S. dollar, which helped balance earlier fears of sustained Fed tightening. The resurgence in the technology sector buoyed investor sentiment across Asia, and the pace of gains was seen as a corrective move after a series of sharp swings during the recent Google earnings period.
