The S&P 500 edged up 0.05% to 6,836.17, Nasdaq slipped 0.22% to 22,546.67, and Dow Jones added 0.10% to 49,500.93. Nasdaq shed 2.10% for the week. Applied Materials surged post positive Q1 earnings, Rivian Automotive soared 26.64%, and Coinbase gained 16.46% despite disappointing Q4 revenue.

Consumer Price Index data showed inflation slowing to 2.4%, core inflation at 2.5%, and housing inflation cooling. AI replacement fears caused market concerns, but analysts believe the sell-off was an overreaction. Today’s CPI data slowed market losses.

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Read more at Yahoo Finance: Inflation Data Steadies Market and Slows AI Disruption Losses