The Times-Tribune.com
Stocks halt their brutal, worldwide sell-off as Wall Street trims its loss for the week
xCruzo Brief
Stocks steadied after a harsh global sell-off, with Wall Street trimming losses for the week. In early trading Friday, the S&P 500 rose 1% to cut its weekly drop to 2%. The Dow Jones Industrial Average was down 107 points, or 0.2%, while the Nasdaq climbed 1.8% as AI-related equities bounced back. The rebound helped stop a wider tumble: indexes fell about 6% in Tokyo and Seoul after the U.S. plunge Thursday, and Germany’s DAX dropped 2.3%. Nvidia led the S&P 500 gain, up 6.5% after steep declines earlier in the week, as investors weighed concerns about AI data-center expansion amid political uncertainty and power-bill worries.
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