The Dow Jones Industrial Average surged 1,206.95 points, or 2.47%, to close at 50,115.67 — its first close above 50,000. The S&P 500 gained 1.97% to end at 6,932.30, while the Nasdaq Composite advanced 2.18% to 23,031.21.

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.

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,

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 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.

Major stock indexes rebounded Friday, a day after equities sank amid risk-off sentiment. Still, the Nasdaq and S&P 500 were poised to register sharp weekly losses.

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.