Stocks ended mixed as falling oil prices helped lift the Dow Industrials, while concerns about AI valuation put pressure on the broader market. The Standard & Poor’s 500 Index fell 1.95% while the Nasdaq Composite Index skidded 4.60%. The Dow Jones Industrial Average rose 0.60%.

Stocks rose over the shortened trading week as investors digested developments in the Middle East while the Fed held short-term rates steady. The Standard & Poor’s 500 Index rose 0.93% through Thursday’s close, while the Nasdaq Composite Index gained 2.43%. The Dow Jones Industrial Average climbed 0.71%.

Stocks moved higher last week as inflation jitters gave way to investor enthusiasm over Middle East diplomatic efforts and the largest-ever initial public offering (IPO). The Standard & Poor’s 500 Index rose 0.65%, while the Nasdaq Composite Index advanced 0.70%. The Dow Jones Industrial Average gained 0.66%.

Stocks declined last week as investors weighed the risk of oil-driven inflation and concerns that stronger-than-expected employment data could keep interest rates higher for longer. The Dow Jones Industrial Average fell 0.32%, the S&P 500 dropped 2.59% and the Nasdaq Composite led losses, sliding 4.68%.