
AI-generated summary
The sell-off in U.S. stocks on Thursday caused the Nasdaq to plunge 5.5%, falling more than 10% from its recent high and entering a retracement phase. The market value of the "Big Seven" lost $1 trillion in a single day. The Democratic Party scored major victories in the House and Senate and key gubernatorial elections, and the market is worried that data center construction may slow down. Hinojosa, the Democratic governor-elect of Texas, said the state will introduce new laws to protect local communities from further large-scale construction of data centers.
U.S. stocks were mixed on Friday. (AP)
[Instant News/Comprehensive Report] On Friday, the Wall Street stock market reversed its recent decline, with mixed gains and losses. Some investors took advantage of the dip. The Dow Jones Industrial Average fell 237.33 points or 0.46%, the Nasdaq Index rebounded 1.09%, the S&P 500 Index rose 0.31%, the Philadelphia Semiconductor Index rose 4.21%, and TSMC ADR rose 22.34 US dollars, 6.33%, to close at 375.44 US dollars.
According to comprehensive foreign media reports, as the Democratic Party achieved major victories in the House and Senate and key gubernatorial elections, the market is worried that the construction of data centers may slow down. Texas Democratic Governor-elect Gina Hinojosa said on Thursday that the state already has a large number of data centers and will introduce new laws to protect local communities from the impact of further large-scale construction of data centers.
Thursday's sell-off caused U.S. stocks to post their biggest one-day drop since April 2025. The Nasdaq index plummeted 5.5%, and its closing price fell more than 10% from its recent high, entering the retracement stage. On Thursday alone, the total market value of the "Big Seven" evaporated by US$1 trillion.
After a bad day on Friday, heavyweight chip manufacturers AMD rose 11%, Intel rose 7.71%, Micron rose 5.12%, Huida rose 2.78%, Musk's Tesla rose 4.23%, SpaceX rose 8.62%.
The Dow Jones Industrial Average fell 237.33 points, or 0.46%, to close at 51,285.73 points.
The S&P 500 index rose 23.13 points or 0.31% to close at 7376.86 points.
The Nasdaq index rose 264.43 points or 1.09% to close at 24579.42 points.
The Philadelphia Semiconductor Index rose 379.11 points or 4.21% to close at 9390.25 points.
AI outlook — possibilities, not facts
Texas will pass new law to restrict large-scale construction of data centers
Likely · Within weeks

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