off-the-wire

Dow Jones Industrial Average hits record 50,000 points

Kitco Media
By Reuters
Published:
Updated:
Reuters
Dow Jones Industrial Average hits record 50,000 points teaser image

Feb 6 (Reuters) - The Dow Jones Industrial Average surged above 50,000 points for the first time on Friday, a historic moment for the blue-chip index, which was up more than 2% in afternoon trading.

Shares of Nvidia (NVDA.O), gained more than 7% after recent losses and helped to give the Dow a boost, along with Caterpillar (CAT.N), up more than 6%.

The stock market is bouncing on Friday after a selloff this week tied to worries about artificial intelligence.

Reporting by Caroline Valetkevitch in New York, Noel Randewich in San Francisco and Johann M Cherian in Bengaluru; Editing by Krishna Chandra Eluri and Franklin Paul

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