Wall Street rebounded on Friday, with gains from Nvidia and other technology companies helping pare losses from early trading and rebalance the major indices.

The S&P 500 lost 3 points, or 0.1%, to close at 6,734, while the Dow Jones Industrial Average trimmed earlier losses to end the day down 310 points, or 0.7%. The Nasdaq Composite index also recovered from a morning dip, closing up 0.1%.

Nasdaq was buoyed by gains by chipmaker Nvidia, which added 18% on the day. Nvidia is set to report profits on Nov. 19.

"We believe Nvidia's earnings next week will be another major validation moment for the AI Revolution and be a positive catalyst for tech stocks into year-end, as investors continue to underestimate the scale and scope of AI spend," Wedbush analyst Dan Ives said in a report.

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