Katherine Sullivan

U.S.

stocks finished mixed today to close out a losing week.

The Dow and the S&P 500 managed tiny gains, while the Nasdaq ended 0.2 percent lower.

All three major benchmarks ended the week in negative territory.

New data today showed that annual inflation slowed more than expected last month.

Lower prices for gasoline and used cars helped drive the cooling trend.

Among individual companies, applied materials shares gained 8%.

Soaring demand for artificial intelligence computing boosted the company's quarterly results.

Moderna stock jumped over 5% after the vaccine maker reported better-than-projected revenue and a narrower quarterly loss than investors expected.

Airbnb shares advanced nearly 5 percent following stronger-than-forecast quarterly results.

Still, high investment in new business lines drove up expenses during the period.

Wynn Resorts stock rose 5% following a mixed fourth quarter report.

Operations in Macau improved while Las Vegas resorts continued to struggle.

Expedia shares fell more than 6% despite reporting better-than-projected results.

And before we go, we'll be off on Monday for President's Day in the U.S.

and we'll be back in your feed on Tuesday morning.

Here's your Closing Bell Brief for Thursday, February 12th.

I'm Katherine Sullivan for The Wall Street Journal.

U.S.

stocks dropped sharply today as renewed concerns over artificial intelligence rattled investors.