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 have managed to rebound on Friday, recovering some of the losses incurred over the past two days, according to a report from New York. Meanwhile, the rest of the U.S. stock market remains mixed, as traders grapple with the implications of Democrats' recent midterm election victories for the economy. Despite the volatility of the week, the S&P 500 has managed to trim its loss for the week to 2.1 percent, while the Dow Jones Industrial Average experienced a minimal decline of less than 0.1 percent.
The Nasdaq composite, on the other hand, saw a 1.6 percent increase. Despite these fluctuations, the S&P 500 is still only 5.1 percent below its all-time high, set last month. Friday's relative stability for Wall Street has halted the worldwide downturn in stock markets, as indexes in Tokyo and Seoul both dropped by 6 percent following the steep decline of the U.S. market on Thursday.
This decline marked the worst performance for U.S. markets since President Donald Trump introduced "Liberation Day" tariffs in April 2025. While European indexes have fewer stocks directly linked to the artificial intelligence industry, Germany remains a significant player.
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.
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