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Dow surges more than 1,000 points to hit 50,000 for the first time in massive snapback from tech rout
The Dow surged 1,206 points, driven by chip stocks amid AI spending hopes and consumer confidence, marking a broad market rebound after a tech selloff, analysts said.
- On Friday, the Dow Jones Industrial Average climbed above 50,000 during trading, surging 1,097 points, or 2.24%.
- A broadening of the rally saw investors rotate into industrials, financials, and chip companies, with the Russell 2000 index jumping 3.3% this year.
- Bitcoin's recovery above $70,000 helped stabilize crypto-linked stocks, with Robinhood Markets up 15%, Coinbase Global rising 11.3%, and Strategy soaring 23.7%.
- The milestone signals a strong start to 2026 and may boost Americans' retirement savings, though Wall Street warns of complacency and market risks despite gains.
- Despite optimism, strategists warn valuations already reflect optimistic AI gains, and volatility may return as companies report earnings and geopolitical risks persist, analysts said.
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Dow breaks 50,000 for first time, as US stocks rally
The US stock market roared back on Friday, as technology stocks recovered much of their losses from earlier in the week and bitcoin halted its plunge, at least for now. The S&P 500 rallied 2 per cent for its best day since May. The Dow Jones Industrial Average soared 1,206 points, or 2.5 per cent, and topped the 50,000 level for the first time, while the Nasdaq composite leaped 2.2 per cent. Chip companies helped drive the widespread rally, and …
·Hong Kong
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Dow Closes Above 50K for the First Time
The stock market roared back on Friday as the Dow broke 50,000 for the first time in its history, per the AP . The milestone came late in the afternoon, and the index closed above the threshold. The Dow rose 1,206 points, or 2.4%, to 50,115. The...
·Miami, United States
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Coverage Details
Total News Sources85
Leaning Left16Leaning Right11Center31Last UpdatedBias Distribution53% Center
Bias Distribution
- 53% of the sources are Center
53% Center
L 28%
C 53%
R 19%
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