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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
- 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 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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Stocks Roar Back as Dow Average Hits 50,000 Mark: Markets Wrap
(Bloomberg) -- Stocks notched their best day since May in the wake of a technology rout fueled by worries over the billions of dollars being thrown at artificial-intelligence development. Bitcoin jumped after a 50% tumble from its peak. Silver and gold also bounced.
·Bern, Switzerland
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Total News Sources67
Leaning Left13Leaning Right9Center21Last UpdatedBias Distribution49% Center
Bias Distribution
- 49% of the sources are Center
49% Center
L 30%
C 49%
R 21%
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