The worldwide sell-off for AI stocks halts, but other US stocks are still struggling
Associated Press · Stan Choe ·
AI stocks are bouncing back and recovering some of their brutal sell-off. The rest of the U.S. stock market, though, is lagging behind 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% to trim its loss for the week. The Dow Jones Industrial Average dropped 476 points, and the Nasdaq composite rallied 1.1%. The relative steadiness for Wall Street halted what had been a worldwide tumble for stocks. Treasury yields ticked higher following a strong report on U.S. hiring.
NEW YORK (AP) — AI stocks are bouncing back on Friday and recovering some of their brutal sell-off from the last two days. The rest of the U.S. stock market, though, is lagging behind following a whirlwind few days of Wall Street trying to sort out what this week’s sweeping victories by Democrats in the U.S. midterm elections will mean for the economy.
The S&P 500 rose 0.3% to trim its loss for the week, which may be its worst since the spring of 2025 when President Donald Trump unveiled his “Liberation Day” tariffs. The Dow Jones Industrial Average was down 476 points, or 0.9%, as of 9:35 a.m. Eastern time, and the Nasdaq composite was 1.1% higher.
The relative steadiness for Wall Street halted what had been a worldwide tumble for stocks. Indexes dropped 6% in Tokyo and 6% in Seoul following the U.S. market’s sell-off on Thursday. European indexes have fewer stocks tied to the artificial-intelligence industry, but Germany’s DAX nevertheless lost 2.5%.
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