U.S. stocks steadied after an encouraging update on inflation helped calm a Wall Street that’s been wracked by worries about how AI may upend the business world.
The S&P 500 barely budged on Friday, a day after it had tumbled to one of its worst losses since Thanksgiving. The Dow Jones Industrial Average rose 0.1%, and the Nasdaq composite fell 0.2%.
Stocks got some help from easing Treasury yields, which fell after a report showed inflation slowed last month.
Several stocks that got hit by worries about AI disrupting their industries a day earlier also recovered some of their sharp losses.
On Friday:
The S&P 500 rose 3.41 points, less than 0.1%, to 6,836.17.
The Dow Jones Industrial Average rose 48.95 points, or 0.1%, to 49,500.93.
The Nasdaq composite fell 50.48 points, or 0.2%, to 22,546.67.
The Russell 2000 index of smaller companies rose 30.87 points, or 1.2%, to 2,646.70.
For the week:
The S&P 500 is down 96.13 points, or 1.4%.
The Dow is down 614.74 points, or 1.2%.
The Nasdaq is down 484.54 points, or 2.1%.
The Russell 2000 is down 23.64 points, or 0.9%.
For the year:
The S&P 500 is down 9.33 points, or 0.1%.
The Dow is up 1,437.64 points, or 3%.
The Nasdaq is down 695.32 points, or 3%.
The Russell 2000 is up 164.79 points, or 6.6%.
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