AI stocks are bouncing back Friday and recovering some of their sell-off from the last two days. The rest of the US 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 US midterm elections will mean for the economy.

The S&P 500 rose 0.7 per cent and trimmed its loss for the week to 2.3 per cent. The Dow Jones Industrial Average was down 84 points, or 0.2 per cent, with an hour remaining in trading, and the Nasdaq composite was 1.4 per cent higher.

The relative steadiness for Wall Street halted what had been a worldwide tumble for stocks. Indexes dropped 6 per cent in Tokyo and 6 per cent in Seoul following the US market’s plunge on Thursday,…