Wall Street ends nearly flat as oil price relief offsets AI stock declines
By
Stan Choe
7d ago· 5 min readenNews
Summary
Wall Street ended mostly flat on Friday as a broad market rally fueled by easing oil prices (Brent crude dropping 3.8% to $72.60) was offset by declines in AI-related stocks. The S&P 500 slipped less than 0.1%, the Dow fell 0.1%, and the Nasdaq dropped 0.2%, marking just the second losing week for the S&P 500 in 13 weeks. Weakness in major AI winners also dragged down Asian markets earlier in the day, while Treasury yields eased.
Source
bskyWall Street ends nearly flat as oil price relief offsets AI stock declinesapnews.comKey quotes
· 3 pulledMost of the U.S. stock market rose Friday after oil prices eased back to where they were before the war with Iran, but drops for stocks swept up in the mania around artificial-intelligence technology kept the market in check.
The S&P 500 finished nearly flat and slipped less than 0.1% to close out just its second losing week in the last 13.
The price of Brent crude oil, the international standard, dropped 3.8% to $72.60.
Most of the U.S. stock market rose after oil prices eased back to where they were before the war with Iran, but drops for AI stocks kept the market in check. The S&P 500 finished Friday nearly flat and slipped less than 0.1% to close out just its second l
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