Dow Rallies Over 50,000 For The First Time, S&P 500 Edges Higher Amid Tech Revival
Synopsis
The Dow Jones Industrial Average climbed over 2.3% to a 50,000 record, while the S&P 50 increased 1.72%.
U.S. stocks rallied on Friday amid a recovery in technology stocks.
The Dow Jones Industrial Average climbed over 2.3%, pushing past the 50,000 level in a record high. Meanwhile, the S&P 50 increased 1.72% to 6,915.40, while the Nasdaq Composite traded up 1.85% at the time of writing.
The indices edged higher due to a recovery in tech stocks after steep declines in the last week. Shares of Nvidia Corp. (NVDA) rose over 7.4% during market hours, while Broadcom Inc. (AVGO) climbed up 6.88%.
Shares of Oracle Corp. (ORCL) gained nearly 4%, while Palantir Technologies Inc. (PLTR) rose about 4.5%.
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