Tech got back $293 billion on Friday. The rest of the S&P 500 lost another $62 billion.

The S&P 500's 76 technology stocks gained $293 billion on Friday, getting back 16% of the $1.81 trillion they lost on Thursday. The other 424 stocks in the index lost another $62 billion. So the index rose 0.3% while 315 of its 500 stocks fell.

Thursday was SPY's worst day in our records, which start in April 2025: it closed down 4.4%, and only 73 of the 500 stocks rose that day. Friday's headlines were about chip stocks rebounding, though Reuters noted the Nasdaq still posted its fourth straight weekly decline. On the map, the rebound stayed almost entirely inside one sector.

Where Friday's gain came from

$NVDA added $122 billion and $AMD $73 billion, after losing $447 billion and $138 billion on Thursday. 44 of the 76 tech stocks rose.

Outside tech, 140 of 424 stocks rose, and 236 fell on both days. Communication services and consumer discretionary finished higher, but mostly on $TSLA, $GOOGL and $META. Seven of the other eight sectors lost money again. Financials gave up another $52 billion, with 18 of 76 stocks higher.

The sector that did worse on the rebound

Consumer staples lost $49 billion on Friday, more than the $28 billion it lost on Thursday. It was the weakest sector, down 1.3% market-cap weighted, with 7 of 33 stocks higher. $WMT accounted for $17.5 billion of that on a 1.7% drop. $COST, which rose 1.8% on Thursday, fell 1.1% on Friday.

Across the whole index, Friday's $231 billion gain was 7.6% of Thursday's $3.05 trillion loss.