The Dow jumps 800 points as oil prices ease, but slumping AI stocks keep Wall Street in check

The Dow Jones Industrial Average jumped about 841 points, or 1.7%, as oil prices eased, while the S&P 500 rose 0.2% and the Nasdaq slipped 0.2% on Thursday. Brent fell 2.7% to $95.21 per barrel, helping ease inflation pressures and boosting hopes for smoother flows via Hormuz.

Elanco Animal Health gained 4.9% and Zoetis rose 5.1% on expectations of higher profits after USDA confirmed the New World screwworm fly reached south Texas, threatening cattle. Toro added 1.7% to maintain forecasts, while Broadcom fell 13.8% despite beating results.