US stocks

S&P 500 and Nasdaq finish higher, with technology, communication services and industrials stocks driving gains

The US jobs report raises interest-rate hike concerns

A tech-led rout wipes nearly US$3 trillion off the market value for S&P 500 companies

Analysts said the scale of the declines suggests further selling is at hand

The index fell more than 10% from its Oct 6 record-high close, confirming a technical correction

This comes after a rally in the last session on the back of Democrats’ sweeping midterm election victory

Chip stocks slip further following the Democrats’ election victory

Markets have been jittery for weeks about how the election would affect fiscal outlook

All three major indices closed higher for the day