"The Dow Jones industrial average crossed 50,000 for the first time, as ballooning tech valuations, robust corporate earnings and hopes of lower interest rates drive it to new highs. Chart of the Dow Jones Industrial Average's performance over the past year Leading stock markets on Wall Street came under pressure earlier this week as technology stocks fell amid scrutiny of extraordinary levels of investment into artificial intelligence."
"The Dow was trading at 50,013.27 on Friday afternoon in New York, up 2.3% on the day. The benchmark S&P 500 was up 1.8%, while the technology-focused Nasdaq Composite rose 1.9%. Donald Trump has repeatedly hailed the record stock market highs, and tried to claim the market climb as evidence of the success of US tariffs his central economic policy which have soared to their highest effective level since 1935 on his watch."
The Dow Jones Industrial Average surpassed 50,000 for the first time, trading at 50,013.27 on Friday afternoon in New York, up 2.3% on the day. The S&P 500 rose 1.8% and the Nasdaq Composite climbed 1.9%. Technology stocks earlier came under pressure amid scrutiny of extraordinary investment into artificial intelligence, and cryptocurrencies including Bitcoin suffered sharp recent falls. US equities have rallied for months as investors largely shrugged off geopolitical tensions and grew increasingly optimistic about the economy. President Donald Trump hailed the record highs, credited tariffs, and claimed national and financial security had strengthened, while some investors remain unconcerned by his trade strategy.
Read at www.theguardian.com
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