Katherine Sullivan

U.S.

stocks struggled for direction today as the major indexes wavered following a long weekend.

The Nasdaq initially fell 1% before reversing course to close up a tenth of a percent.

The Dow and the S&P also ended the day up about a tenth.

Investors are increasingly worried that many companies are over-investing in artificial intelligence.

Among individual companies, Zim Integrated Shipping Services surged 25 percent.

The gains came after Hapag-Lloyd announced it's buying its competitor for $4.2 billion.

Genuine Parts shares fell 15 percent today.

The owner of Napa Auto Parts reported a quarterly loss.

It plans to separate its auto parts business from its industrial parts unit into two separate public companies.

General Mills shares dropped 7%.

The packaged food maker cut its annual sales and profit outlook due to shaky consumer sentiment.

Hyatt Hotels shares rose 2.5%.

The gain followed news that Thomas Pritzker is retiring as executive chairman of the company, citing a desire to protect the company after the release of documents detailing his association with Jeffrey Epstein and Ghislaine Maxwell.

Medtronic shares fell over 3 percent.

The medical device maker posted strong results, but warned of a potential $185 million tariff impact.

And JFB construction shares slid 43 percent.

Eric Trump, the president's son, will take an Israeli drone maker public through a merger with the Florida construction company.

Here's your Closing Bell Brief for Friday, February 13th.

I'm Katherine Sullivan for The Wall Street Journal.