The Dow Jones Industrial Average closes above 50,000 points for the first time
FOX Business reporter Lydia Hu reports as the Dow hits an all-time high, surpassing the 50,000-point milestone.
The Dow Jones Industrial Average closed above 50,000 points for the first time on Friday as stocks rallied on a surge in technology stocks earlier in the week.
The benchmark index rose above 50,000 for the first time after 2 p.m. Friday trading, advancing 1,206.95 points, or 2.47%, to close at 50,115.67.
The S&P 500 and Nasdaq Composite also closed in the green, up 1.97% and 2.18%, respectively.
President Donald Trump celebrated the news in a Truth Social post Friday afternoon.
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“The Dow Jones Industrial Average just hit 50,000 for the first time in history. THANK YOU AMERICA!” Trump wrote.
Chip stocks rose more than they expected to benefit from increased spending on artificial intelligence (AI) data centers by Amazon and Google’s parent company Alphabet.
The Dow Jones Industrial Average surpassed 50,000 points for the first time on Friday. (Michael Nagle/Bloomberg via Getty Images)
Shares in Nvidia, Advanced Micro Devices and Broadcom all rose more than 7%. Amazon’s stock fell nearly 7% after it announced it plans to increase capital spending by 50% this year amid the AI race after Alphabet made a similar announcement on Wednesday.
Friday’s rallies in the S&P 500 and Nasdaq followed three straight days of losses amid AI concerns.
“Markets improved after today’s positive report from the University of Michigan,” said Jeffrey Roach, chief economist at LPL Financial. “Expectations for 1-year average inflation have fallen sharply since January 2025, providing comfort to investors eager to see improved inflation metrics.”
Many software companies are seeing a slowdown amid investor concerns that competition in the AI space could hurt their margins and questions about whether valuations have gone too far amid the AI boom.
| A ticker | Security | Finally | Change | Change % |
|---|---|---|---|---|
| Me: DJI | DOW JONES QUANTITIES | 50115.67 | +1,206.95 |
+2.47% |
| SP500 | S&P 500 | 6932.3 | +133.90 |
+1.97% |
| I: COMP | NASDAQ COMPOSITE INDEX | 23031.213218 | +490.63 |
+2.18% |
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“This business has been volatile, and there have been selloffs at times, but I think there is enough evidence that there is a real demand for AI products, a real promise of what they can do and a need to spend a lot of money to get there,” said Ross Mayfield, an investment strategist at Baird.
“So, if there’s this kind of sell-off, I think there’s going to be a certain set of investors that come in and start buying these names.”
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Shares of Nvidia and other chip makers rose amid expectations of continued investment in AI. (Loren Elliott/Bloomberg via Getty Images)
Nine of the 11 S&P 500 indexes rose, led by a gain of more than 3.7% for the information technology index and a nearly 2.7% gain for the industrial index.
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Reuters contributed to this report.
