NEW YORK (AP) — AI stocks are bouncing back Friday and recovering some of their sell-off from the last two days. The rest of the U.S. stock market is mixed following a whirlwind few days of Wall Street trying to sort out what this week’s sweeping victories by Democrats in the U.S. midterm elections will mean for the economy.

The S&P 500 rose 0.7% and trimmed its loss for the week to 2.3%. The Dow Jones Industrial Average was down 6 points, or less than 0.1%, as of 1:50 p.m. Eastern time, and the Nasdaq composite was 1.4% higher.

Even with this week’s extreme swings, the S&P 500 remains only 5.3% below its all-time high, which was set last month.

Friday’s relative steadiness for Wall Street halted what had been a worldwide tumble for stocks. Indexes dropped 6% in Tokyo and 6% in Seoul following the U.S. market’s plunge on Thursday, which was its worst since President Donald Trump shook markets in April 2025 with his “Liberation Day” tariffs.…