Updated

Updated · Bloomberg · Nov 6

Chipmakers Lift Stocks 4.5% Despite Strong Jobs Data as Traders Brace for December Rate Hike

Updated

Updated · Bloomberg · Nov 6

Chipmakers Lift Stocks 4.5% Despite Strong Jobs Data as Traders Brace for December Rate Hike

3 articles · Updated · Bloomberg · Nov 6

A 4.5% jump in an ETF tracking chip giants helped US equities rebound Friday, with dip buyers stepping in after Wall Street’s recent selloff.
Strong labor data failed to derail the bounce, but it reinforced expectations that the Federal Reserve will raise interest rates in December.
Short-dated Treasuries lagged as traders adjusted to the firmer rate outlook, while the stock rebound still left markets on track for their worst week since April 2025.
Oil swung as investors weighed diplomatic progress aimed at de-escalating the Iran war, adding a broader macro backdrop to the recovery in risk assets.

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