NEW YORK (AP) — The U.S. stock market is recovering some of its losses for the week, as the roller coaster for artificial-intelligence companies swings back upward. Oil prices and Treasury yields are meanwhile holding relatively steady even though worries are rising about the war with Iran and accelerating inflation, which pushed the European Central Bank to raise interest rates. The S&P 500 rose 0.3%, coming off a back-to-back drop that pulled it down to where it was in early May. The Dow Jones Industrial Average rose 245 points, and the Nasdaq composite was up 0.3%. European markets were mostly higher and Asian markets closed mostly lower.
THIS IS A BREAKING NEWS UPDATE. AP's earlier story follows below.
U.S. Financial markets are poised to open with strong gains Thursday following another sell-off of artificial-intelligence stocks that dragged the sector sharply lower.
