Dow closes above 50,000 for 1st time
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The Dow Jones Industrial Average surged 1,100 points and topped 50,000 for the first time as the U.S. stock market stormed back to recover much of its losses from earlier in the week.
US stocks rebounded on Friday from a weeklong tech bruising as Wall Street reassessed worries about the impact of AI disruption and the risks of hefty Big Tech spending. The Dow Jones Industrial Average (^DJI) led the way higher,
Within just four years, the Dow hit another key price: 10,000. The average first touched the level on March 16, 1999. However, it took several days of choppy trading for the index to close a session above 10,000 on March 29, 1999.
The Dow Jones Industrial Average was soaring to a fresh intraday high in early afternoon trading, with Nvidia Corp. posting the largest gain in the blue-chip stock index. The Dow was gaining 1,043 points,
The Dow Jones Industrial Average soared well past the 50,000 mark for the first time ever on Friday as Wall Street bounced back from losses across the technology sector taken earlier in the week. The blue-chip index surged 1,206.95 points, or 2.5% to close at 50,115.67.
The Dow on Friday climbed above 50,000 points during trading. It’s the first time the blue-chip index has crossed the historic milestone.
Dow Jones jumps 850 points in a powerful rebound. The Dow Jones surged 853.91 points today, hitting a record 49,762.63. This 1.75% rally signals a massive rotation into value stocks. Investors ditched tech for high-yield financials and energy titans.
Buoyed by strong returns for shares of Amgen and Apple, the Dow Jones Industrial Average is up Wednesday morning. The Dow was most recently trading 296 points, or 0.6%, higher, as shares of Amgen and Apple have contributed about a quarter of the blue-chip gauge's intraday rally.
The Dow Jones Industrial Average just crossed 50,000 points for the first time, but that doesn't mean the economy is healthy.