AI stocks bounced back Friday and recovered some of their sell-off from the last two days. The rest of the U.S. stock market was mixed, though, 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 0.3% and trimmed its loss for the week to 2.7%, which was its worst since President Donald Trump shook markets in April 2025 with his “Liberation Day” tariffs. The Dow Jones Industrial Average dropped 237 points, or 0.5%, and the Nasdaq composite climbed 1.1%.

The relative steadiness for Wall Street halted what had been a worldwide tumble for stocks. Indexes dropped 6% in Tokyo and in Seoul following the…