Dow Hits 50K Milestone as Tech Stocks Recover from Losses

The Dow Jones Industrial Average reached a historic milestone by surpassing the 50,000 mark for the first time on Friday. This achievement came as Wall Street recovered from earlier losses in the technology sector. The index increased by 1,092 points, marking a rise of 2.3% to close at 50,015.07. Other major indices also experienced gains, with the S&P 500 rising by 1.7% and the Nasdaq composite climbing 2%.

Technology Stocks Rebound

While the Nasdaq saw a three-day decline, it managed to conclude the week with nearly a 2% drop. Key technology stocks contributed significantly to the rally. Nvidia and Broadcom posted notable increases of 7.2% and 6.8%, respectively. Other firms like Oracle and Palantir also noted gains of 3.2% and 4%.

Bitcoin’s Surge

In addition to stock gains, Bitcoin experienced a remarkable rebound, climbing 11% to just below $70,000. This recovery followed a steep decline below $61,000, its lowest value since October. Bitcoin remains over 52% off its all-time high of $126,000 achieved in early October 2025.

Market Sentiment

The stock market reacted positively despite concerns about the future of software companies. These concerns stem from advancements in artificial intelligence, which could impact traditional software services. ServiceNow saw a 1.7% drop while Salesforce remained relatively flat after an earlier dip.

• Nvidia reduced its weekly loss thanks to a strong performance on Friday.
• Amazon faced challenges, seeing a 7% decline due to disappointing earnings and substantial spending plans on AI and technology.

Kenin Spivak, chairman and CEO of SMI Group LLC, stated that the decline in tech stocks allowed bargain hunters to step in, which could lead to potential short-term gains. He noted that this phenomenon also applies to Bitcoin, where buyers tend to emerge after price drops.

Stocks with Cryptocurrency Ties

Several companies with ties to cryptocurrency also enjoyed significant gains. Robinhood Markets jumped 13.5%, marking the highest increase in the S&P 500. Coinbase Global rose 11%, and Strategy, formerly known as MicroStrategy, skyrocketed by 24%.

Broader Market Trends

Investors shifted their focus from growth stocks to value stocks during the rally. Goldman Sachs saw a gain of 4.4%, while small-cap stocks also performed well. The Russell 2000 Index rose by 3.4% on Friday.

Positive consumer sentiment data contributed to this climb, boosting various sectors, including airlines. Major airlines like United Airlines, American Airlines, and Delta Air Lines experienced significant gains, climbing 9.5%, 7.7%, and 7.8%, respectively.

Commodity Prices

• Gold futures increased by 1.8% to $4,979.
• Silver rose slightly by 0.3% to $76.94.

Overall, Friday’s market performance reflected a notable recovery as the Dow hit its 50,000 milestone, showcasing resilience in the face of fluctuating tech stocks and market concerns.