Dow closes above 50,000 for 1st time
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Within just four years, the Dow hit another key price: 10,000. The average first touched the level on March 16, 1999. However, it took several days of choppy trading for the index to close a session above 10,000 on March 29, 1999.
The Dow Jones Industrial Average surged more than 1,200 points Friday, leading a broader stock-market rebound.
The sell-off in tech stocks screeched to a halt Friday as investors stepped in to buy the dip: The Dow soared 970 points, or 1.98%, and hit a fresh intraday record high. The tech-heavy Nasdaq rose 1.6%,
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.
The Dow Jones Industrial Average has often been a defensive stock play for investors, at least compared with its other benchmark peers. In four years since 2000, the Dow has beaten the three other major U.
A market surge propelled the Dow to a new record high.
The Dow Jones Industrial Average surged more than 1,200 points Friday, leading a broader stock-market rebound.
The AI boom that pushed stocks higher is turning into a pressure point.