NEW YORK — Wall Street is steadying Thursday following jarring drops for stocks worldwide in the artificial-intelligence industry on worries about how much longer the AI frenzy will last.
After initially falling to a loss following its worst day since July, the S&P 500 quickly erased it and added 0.1% to edge closer to its all-time high set last week. The weakness for AI stocks dragged the Nasdaq composite down 0.4%, but the Dow Jones Industrial Average was up 482 points, or 0.9%, as of 11:45 a.m. Eastern time as the majority of U.S stocks climbed.
Markets were much shakier earlier in the day. A…
