The Dow Jones breaks 50,000 points for the first time, technology stocks rebound.

On Friday, the US stock market surged significantly, with technology stocks bouncing back after several days of consecutive declines, and Bitcoin also rebounding after a crash of over 50%. The Dow Jones Industrial Average rose by 1095 points, a 2.2% increase, reaching the historic milestone of 50,000 points for the first time, and showing a turnaround in the weekly trend. The S&P 500 index surged by 1.7%, while the Nasdaq Composite Index rose by 1.9%. Boosted by this, the S&P 500 index turned slightly positive for the first time since 2026. Despite the significant rebound on Friday, the S&P 500 index is still expected to record a decline of 0.3% for the week, with the Nasdaq index also down by around 2%; however, the Dow composed of 30 component stocks has risen by 2% so far this week - although the tech sell-off has dragged down the overall market, rotation of funds into some cyclical stocks has propelled the Dow into independent territory. Nvidia and Broadcom were the two major leaders in the US stock market on Friday, both rebounding by 7% after significant declines earlier in the week.