AI stocks bounced back and recovered some of their sell-off from earlier in the week.
The rest of the U.S. stock market was mixed Friday following a whirlwind few days of Wall Street trying to sort out what this week’s U.S. midterm elections will mean for the economy. The S&P 500 rose 0.3% and trimmed its loss for the week. The Dow Jones Industrial Average dipped 0.5%, and the Nasdaq composite rallied 1.1%.
Wall Street’s relative steadiness halted what had been a worldwide tumble for stocks. Treasury yields held firmer following a strong report on the U.S. job market.
On Friday:
The S&P 500 rose 23.13 points, or 0.3%, to 7,376.86.
The Dow Jones Industrial Average fell 237.33 points, or 0.5%, to 51,285.73.
The Nasdaq composite rose 264.43 points, or 1.1%, to 24,579.42
The Russell 2000 rose 24.22 points, or 0.9%, to 2,754.11.
For the week:
The S&P 500 is down 203.21 points, or 2.7%.
The Dow is down 484.58 points, or 0.9%.
The Nasdaq is down 857.57 points, or 3.4%.
The Russell 2000 is down 57.74 points, or 2.1%.
For the year:
The S&P 500 is up 531.36 points, or 7.8%.
The Dow is up 3,222.44 points, or 6.7%.
The Nasdaq is up 1,337.43 points, or 5.8%.
The Russell 2000 is up 272.20 points, or 11%.
