Stocks mixed, day after AI-related selloff; oil prices rise again

Stocks were mixed on Friday following a selloff related to artificial intelligence, while oil prices rose again due to Houthi attacks in Saudi Arabia. Major stock indexes ended lower, with tech shares mostly steadying. The Nasdaq eased, and European shares also declined. Semiconductor indexes rose 0.4%. The S&P 500 technology index was up 0.4%, while the energy sector rose 2.5%, reaching a record high.

Brent crude oil futures settled at $116.72 a barrel, marking the highest level since April 29, up 3.14% from the previous close. US West Texas Intermediate crude closed at $103.27 a barrel, up 3.8%. Treasury yields rose after posting their largest one-day drop in nearly four years, with the 10-year yield remaining under 5%. Investors remain concerned about the durability of the rally in AI-related stocks as earnings season continues.