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Dow Jones Crosses 50,000 for the First Time After 1,097-Point Surge

AI-fueled buying across tech, financials, industrials powered the blue-chip gauge.

Overview

  • The index jumped about 2.24% on Friday, briefly trading above the milestone during the session.
  • The S&P 500 rose 1.7% and the Nasdaq Composite added 1.9%, with the S&P setting a record earlier this week.
  • Gains were linked to enthusiasm for artificial intelligence, strength in chip and cloud names, and momentum from Amazon’s 2024 entry to the Dow.
  • Market leadership broadened as investors rotated into financials and industrials, helping the Dow outpace other major benchmarks this year.
  • Analysts cautioned that valuations, geopolitics and Federal Reserve decisions could spur volatility, and they noted that the rally’s benefits are concentrated among stock‑owning households.