Summary

The Dow Jones Industrial Average surged past the 50,000-point milestone for the first time in its 129-year history on Friday (February 6), as technology stocks recovered following several days of heavy selling and bitcoin rebounded from a significant drop. The blue-chip index advanced 1,095 points, or 2.2%, closing at 50,097, turning positive for the week and marking a historic moment for the venerable market indicator. The S&P 500 jumped 1.7%, while the Nasdaq Composite climbed 1.9%.

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