Wall Street mixed: Oil retreat lifts most stocks, but AI sell-off drags S&P 500 toward losing week
By
STAN CHOE
2h ago· 5 min readenNews
Summary
Wall Street showed mixed performance as most stocks rose Friday following a retreat in oil prices to pre-Iran-war levels, but declines in AI-related stocks weighed on the broader market. The S&P 500 gained 0.5% after recovering from an early 0.9% loss, yet remains on track for its second losing week in 13 weeks, driven largely by sell-offs in AI technology stocks.
Source
bskyWall Street mixed: Oil retreat lifts most stocks, but AI sell-off drags S&P 500 toward losing weekdallasnews.comKey quotes
· 3 pulledMost of the U.S. stock market is rising Friday after oil prices eased back to where they were before the war with Iran, but drops for AI stocks are keeping the market in check.
The S&P 500 rose 0.5% after recovering from an early loss of 0.9%.
The index at the heart of many 401(k) accounts is still on track for its second losing week in the last 13, largely because of drops for stocks swept up in the mania around artificial-intelligence technology.
Most of the U.S. stock market is rising after oil prices eased back to where they were before the war with Iran, but drops for AI stocks are keeping the market in check. The S&P 500 climbed 0.5%...
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