U.S. stocks stabilized Friday after a positive report on inflation eased concerns about AI disrupting business. S&P 500 barely moved following a recent plunge, Dow Jones rose 0.1%, and Nasdaq slipped 0.2%. Inflation slowed more than expected, with prices 2.4% higher than a year ago, giving the Federal Reserve potential room for rate cuts.

Economy saw improved job market and inflation slowdown, prompting stock price stabilization. Companies targeted for AI disruption, like AppLovin, rebounded. Trucking firms recovered after Algorhythm Holdings’ AI platform impact. Aggressive reactions to AI disruption in the market prompt concerns. Applied Materials surged on strong profit report due to AI investments, while DraftKings dropped despite exceeding profit expectations.

Norwegian Cruise Line Holdings replaced CEO, causing stock drop, while Nvidia’s decline weighed on S&P 500. S&P 500 ended worst week since November, Dow Jones and Nasdaq had mixed results. Bond market saw yields drop, especially two-year Treasury. Asian stock markets fell, while European markets were mixed.

Read more at Yahoo Finance: Wall Street steadies after its AI-induced sell-off