U.S. stocks steadied after an encouraging update on inflation helped calm a Wall Street that’s been wracked by worries about how AI may upend the business world.

Wall Street’s major market averages moved higher on Friday as traders digest the latest round of key retail inflation data. The blue-chip Dow (DJI) was last higher by +0.4%. At the same time, the benchmark S&P 500 (SP500) moved up +0.

A slide in tech stocks intensified Wednesday, spreading from software into semiconductor shares and other companies linked to the infrastructure build-out for artificial intelligence. The Nasdaq composite posted consecutive 1% declines for the first time since April’s tariff chaos.

The sell-off in tech stocks screeched to a halt Friday as investors stepped in to buy the dip: The Dow soared 1,207 points, or 2.47%, and hit 50,000 points for the first time ever. The tech-heavy Nasdaq rose 2.

All across Wall Street, day by day, the headlong rush into the most popular trades, from tech stocks to gold to cryptocurrencies, has given way to a sudden retreat from risk.

Steve Herman, executive director at the Jordan Center for Journalism Advocacy & Innovation, noted that President Donald Trump has repeatedly threatened to sue media and polling firms that portray him negatively. And commentator Bill Kristol pointed to Gallup’s contracts with federal agencies.

Wall Street pointed toward gains before the opening bell Thursday as markets take in more corporate earnings reports ahead of the latest labor market data. Futures for the S&P 500, Dow Jones Industrial Average and Nasdaq all gained 0.