LIVE MARKETS-Tech, chips rally, day after sharp selloff

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TECH, CHIPS RALLY, DAY AFTER SHARP SELLOFF

The Nasdaq .IXIC and S&P 500 .SPX are more than 1% higher each on Friday, with technology shares leading gains a day after stocks sold off sharply and the Nasdaq confirmed it's in a correction.

S&P 500 technology .SPLRCT is up more than 2%, while an index of semiconductors .SOX is more than 5% higher.

Tuesday's US midterm elections, in which Democrats won control of Congress and key governor positions across the country, raised concerns about tougher AI regulations ahead and drove down shares of data centers, chipmakers and other AI-related stocks.

Sentiment dampened somewhat following a report showing stronger-than-expected job gains last month. It boosted expectations for an interest rate hike in December.

The Dow .DJI is barely higher on Friday, while all three major US stock indexes remain on track for losses for the week.

Here is the latest market snapshot:

(Caroline Valetkevitch)

EARLIER ON LIVE MARKETS:

NASDAQ, S&P 500 EMINIS HIGHER, BUT TRIM GAINS AFTER PAYROLLS CLICK HERE

BLUEBAY ADDS FRENCH, ITALIAN DEBT EXPOSURE CLICK HERE

HALF-TIME IN EUROPE: STOXX EXTENDS DECLINES, TECH STEADY CLICK HERE

GERMANY'S FISCAL BOOST IS TAKING HOLD CLICK HERE

STOXX SUFFERS, BUT STAYS STEADY ACROSS THE WEEK CLICK HERE

BEFORE THE BELL: TECH WORRIES CRASH ASHORE IN EUROPE? CLICK HERE

AI'S REALITY CHECK CLICK HERE