Global equities wavered Friday after a bruising tech-led selloff, as investors reassessed lofty AI valuations in the wake of Democrats’ midterm gains and renewed scrutiny of regulation and capital spending. The Nasdaq clawed back a portion of Thursday’s losses, aided by a stronger-than-expected U.S. jobs report and rebounds in AI bellwethers including Nvidia, AMD and Broadcom. Europe and Asia finished lower, with the FTSE 100 paring steep intraday declines and major continental indexes still in the red. Market strategists flagged tighter financial conditions and rising credit default swaps tied to top tech names as signs of strain, warning that near-term risks remain skewed to the downside despite bargain-hunting by retail investors. The U.S. dollar strengthened, volatility eased from Thursday’s spike, and analysts cautioned that policy and regulatory uncertainty around AI could keep pressure on high-multiple growth shares.
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