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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, led by chip stocks Nvidia and Broadcom, as investors rotated into non-tech sectors amid improving U.S. consumer sentiment, according to market data.
- 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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It's the highest level in the history of the US stock index: The Dow Jones has risen above the 50,000-point mark for the first time. According to experts, it could rise even further this year.
·Hamburg, Germany
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Stocks in the United States are rising significantly, with the Dow Jones Industrial Average rising above 50,000 for the first time on Friday, led by a rebound in technology stocks that had recovered from a previous sell-off. Better-than-expected consumer confidence data in the United States also boosted the positive sentiment in the markets, Reuters reported.
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Total News Sources131
Leaning Left22Leaning Right20Center43Last UpdatedBias Distribution51% Center
Bias Distribution
- 51% of the sources are Center
51% Center
L 26%
C 51%
R 23%
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