New York –
The Dow surged above 50,000 points for the first time Friday, shrugging off worries connected to artificial intelligence companies while traders focused on the prospects for U.S. growth and Federal Reserve interest rate cuts.
The index, the oldest of the three major U.S. equity indices, powered to the landmark level shortly before 19:30, retreated a bit below 50,000 points and then pushed even higher to close the day near session highs.
It ended at 50,115.67, up more than 1,200 points, or 2.5%.