NEW YORK (AP) — The U.S. stock market is recovering some of its losses for the week on Thursday, as the roller coaster for artificial-intelligence companies turns back upward. They also got some help from easing oil prices and Treasury yields, which relaxed the pressure even though worries are rising about the war with Iran and accelerating inflation.
The S&P 500 added 0.6%, coming off a back-to-back drop that yanked it back to where it was in early May. The Dow Jones Industrial Average was up 373 points or 0.7%, as of 10 a.m. Eastern time, and the Nasdaq composite was 0.8% higher.
AI stocks helped lead the market, as they have since last week then they went from roaring to records to suddenly turning lower. The big concern is whether such stocks shot too high, too fast because of AI mania, and they've been careening up and down, sometimes hour by hour.
