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Oil prices are down, and stocks are up, though such moves have been quick to change since the war in Iran began.
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The Dow lost as many as 1,160 points Thursday before finishing the day with a drop of 784, or 1.6%.
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Chip companies helped drive the gains on hopes for more big spending by Amazon and other customers building out their AI offerings.
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Some reports on the U.S. economy helped bolster hopes that it can manage to avoid a recession.
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Worries over the economy are front and center after a series of disappointing reports, including a weaker-than-expected jobs report on Friday.
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U.S. stocks rallied to records on hopes that inflation is heading back in the right direction.