Wall St see-saws after rally on AI boost, inflation relief

U.S. stocks struggled for direction on Friday as investors took a breather after the previous session’s rally, driven by an inflation reading that strengthened bets of interest rate cuts by June, and a persistent artificial-intelligence mania.

The tech-heavy Nasdaq closed at a record high on Thursday, spurred by gains in AI-linked stocks such as heavyweight chip designer Nvidia and its rival Advanced Micro Devices, which hit an all-time peak.