Nasdaq rebounds 1.09% in a day... partially recovers from 5.52% plunge over 5 days

The Nasdaq Composite rebounded 1.09% to close at 24,579.42 on November 6, partially recovering from a 5.52% single-day plunge that took the index from 25,736.51 to 24,315.00 a day earlier. Despite the bounce, the tech-heavy index remains 10.94% below its October 6 closing peak of 27,599.79, keeping it in correction territory by the widely used 10% threshold. The prior session's close was 11.90% below that record, and the 264.42-point gain only clawed back a fraction of the 1,421.51-point drop. The move matters because it shows dip-buying interest emerging after a sharp selloff, though the index has yet to reclaim even half of the recent decline. What to watch next is whether the rebound holds and whether the Nasdaq can narrow the remaining drawdown toward its October high or confirms the correction with further losses.