Financial Markets Wall Street

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.

World shares and U.S. futures have advanced after artificial intelligence stocks recovered some ground lost in last week's sell-offs. Oil prices fell more than 1%. Taiwan's Taiex led gains in Asia with a 4.9% jump, thanks to a rebound in computer chipmaker TSMC, which rose 4.7%. But an early advance for South Korea's Kospi vanished as gains for major chipmakers narrowed. On Friday, the S&P 500 rose 0.3%, trimming 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.