Dow hits 50,000 for first time

Dow hits 50,000 for first time

The Dow Jones Industrial Average topped 50,000 points for the first time on Friday as investors rallied in response to a rout in tech stocks earlier in the week.

The closely watched index rose above 50,000 for the first time after 2 p.m. during Friday’s trading session after rising more than 1,000 points on the day, which represents a gain of more than 2.2%.

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