Dow Jones Industrial Average hits 50000 for 1st time
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The Dow hit the historic 50,000 mark on Friday and the S&P 500 ended sharply higher, as Nvidia and other chipmakers soared and Amazon tumbled.
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 Jones Industrial Average passed 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 Dow Jones Industrial Average surged 1,
The U.S. stock market sank after a mixed day of trading. The S&P 500 fell 0.8% Tuesday. The Dow Jones Industrial Average dipped 0.3%, and the Nasdaq composite lost 1.4%.
With record earnings likely coming this year, investors can't get enough of this century-old industrial giant.
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,
The Dow Jones Industrial Average blew past the historic 50,000 mark on Friday and the S&P 500 ended sharply higher, as Nvidia and other chipmakers soared and Amazon tumbled after the cloud heavyweight forecast a sharp increase in spending on AI infrastructure.