{"id":79217,"date":"2026-02-07T00:29:11","date_gmt":"2026-02-07T03:29:11","guid":{"rendered":"https:\/\/tech.einnews.com\/article\/890205165"},"modified":"2026-02-07T00:29:11","modified_gmt":"2026-02-07T03:29:11","slug":"dow-hits-50000-for-first-time-as-wall-street-rebounds-from-tech-rout","status":"publish","type":"post","link":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/2026\/02\/07\/dow-hits-50000-for-first-time-as-wall-street-rebounds-from-tech-rout\/","title":{"rendered":"Dow hits 50,000 for first time as Wall Street rebounds from tech rout"},"content":{"rendered":"
<\/div>\n

The Dow Jones Industrial Average crossed the 50,000 threshold for the first time on Friday as traders appeared to brush off concerns about spending on artificial intelligence<\/a>.<\/p>\n

The Dow surged 2.47 per cent – or 1,206 points – to close at 50,115.67, a new record. The S&P 500 and Nasdaq also saw a snapback from this week’s tech rout<\/a>, rising 1.97 and 2.18 per cent, respectively.<\/p>\n

Some of the biggest names in the technology industry led the charge. Chipmaker Nvidia rose 7.87 per cent at $185.41 a share, while Tesla and Palantir posted gains of 3.50 and 4.53 per cent, respectively. Oracle also bounced back, while Google parent Alphabet and Amazon fell 2.48 and 5.55 per cent, respectively.<\/p>\n

\u201cAI has become useful and very capable,” he said.<\/p>\n

Mr Huang’s comments come after Meta, Amazon, Google and Microsoft – four key hyperscalers in the AI buildout – made their latest earnings reports. According to an analysis from The Financial Times<\/i>, they expect to spend $660 billion on capital expenditures this year.<\/p>\n

The bounce-back extended to cryptocurrencies, with Bitcoin up 11.62 per cent at $70,099.37. Ethereum and Dogecoin were also in positive territory.<\/p>\n

Meanwhile, a closely watched jobs report was delayed until next week. Separate data released this week showed job openings dropped to their lowest level since 2020 in December, while private-sector data showed layoff announcements in January surged to their highest level since 2009.<\/p>\n

Treasury yields were little changed, with the yield on the 10-year virtually flat at 4.206 per cent. The 30-year Treasury yield was less than 1 basis point lower at 4.853 per cent.<\/p>\n

<\/a><\/strong> <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

… from this week's tech<\/span> rout, rising 1.97 and … the biggest names in the technology<\/span> industry led the charge. Chipmaker … years, while demand for the technology<\/span> remains "just incredibly high …<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[],"class_list":["post-79217","post","type-post","status-publish","format-standard","hentry","category-news","wpcat-1-id"],"_links":{"self":[{"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/posts\/79217","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/comments?post=79217"}],"version-history":[{"count":0,"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/posts\/79217\/revisions"}],"wp:attachment":[{"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/media?parent=79217"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/categories?post=79217"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/tags?post=79217"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}