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 percent, and the Nasdaq composite fell 0.2 percent.
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 percent, to 6,836.17.
The Dow Jones Industrial Average rose 48.95 points, or 0.1 percent, to 49,500.93.
The Nasdaq composite fell 50.48 points, or 0.2 percent, to 22,546.67.
The Russell 2000 index of smaller companies rose 30.87 points, or 1.2 percent, to 2,646.70.
For the week:
The S&P 500 is down 96.13 points, or 1.4 percent.
The Dow is down 614.74 points, or 1.2 percent.
The Nasdaq is down 484.54 points, or 2.1 percent.
The Russell 2000 is down 23.64 points, or 0.9 percent.
For the year:
The S&P 500 is down 9.33 points, or 0.1 percent.
The Dow is up 1,437.64 points, or 3 percent.
The Nasdaq is down 695.32 points, or 3 percent.
The Russell 2000 is up 164.79 points, or 6.6 percent.
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