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.
Wall Street is coming off a major sell-off in software stocks that drove the S&P 500 to a second straight day of losses.
“It seems like there are two different markets right now,” one strategist says.
Wall Street and cryptocurrencies sank deeper into the red on Thursday as investors digested unexpectedly steep job losses and spending on artificial intelligence. The Dow Jones Industrial Average slid nearly 600 points,
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.
The Dow Jones Industrial Average soared well past 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 blue-chip index surged 1,