AI stocks halt brutal, worldwide sell-off as Wall Street trims its loss for the week
NEW YORK — AI stocks are bouncing back Friday and recovering some of their sell-off from the last two days. The rest of the U.S. stock market is mixed 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 0.9 percent and trimmed its loss for the week to 2.1…
AI stocks experienced a rebound on Friday, helping to recoup some of the sharp sell-off they endured over the past two days. The overall U.S. stock market remained mixed, as Wall Street grappled with the implications of recent Democratic victories in the U.S. midterm elections for the economy. The S&P 500 gained 0.9 percent, reducing its weekly loss to 2.1 percent.
The Dow Jones Industrial Average saw a slight decline of just 3 points, or less than 0.1 percent, while the Nasdaq composite rose 1.6 percent by 11:45 a.m. Eastern time. Despite the extreme volatility this week, the S&P 500 remains 5.1 percent below its all-time high, which was reached last month. The relative calm on Wall Street came as a welcome change to a worldwide decline in stock indexes.
In Tokyo, indexes fell by 6 percent, and in Seoul, they also dropped 6 percent following the sharp decline in the U.S. market on Thursday. The Thursday drop was the worst since April 2025, when President Donald Trump enacted his controversial "Liberation Day" tariffs. European indexes, while having fewer stocks directly linked to the artificial intelligence industry, have yet to fully recover from the recent turbulence.
Written by urgent.news from The Korea Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
This story
This is one outlet's version. Read the fullest account.
