Wall Street edged back from its all-time high on Friday, as U.S. stock indexes drifted following mixed profit reports from big companies. The S&P 500 barely budged and slipped by less than 0.1%, a day after rallying within 0.

Palantir Technologies (NASDAQ: PLTR) and Amazon (NASDAQ: AMZN) beat the S&P 500 (SNPINDEX: ^GSPC) over the past year, and both companies should benefit as adoption of artificial intelligence (AI) increases.

U.S. stocks are sinking after a report said inflation is unexpectedly getting worse for Americans. The S&P 500 fell 0.9% in early Wednesday trading.