Nasdaq 100 Rebounds 2% as Strong US Payrolls Boost Tech Sentiment

Key Facts

The Nasdaq 100 index rose 2%, marking a strong rebound after its worst daily performance since 2020. Benzinga reported that the rally was triggered by US payroll data for October which smashed estimates, easing recession fears and encouraging buying in beaten-down technology and semiconductor stocks.

Economic data released on November 6, 2026, showed Nonfarm Payrolls increased by 165,000, significantly higher than the 65,000 forecast, while the unemployment rate edged down to 4.1%. On the same day, Michigan Consumer Sentiment reached 51, exceeding the expected 48, further supporting the narrative of a resilient US economy.

Market attention now shifts to upcoming US inflation data, with the Consumer Price Index (CPI) and the annual Core Inflation Rate scheduled for release on November 10, 2026.