US Major Indexes Rally, Dow Closes Above 50,000 for First Time

US Major Indexes Rally Across the Board

Major US indexes rose collectively on Friday, signaling improved market sentiment. The Dow Jones surged 2.47%, closing above 50,000 for the first time and setting a new closing record, with a weekly gain of 2.5%.

The Nasdaq gained 2.18%, while the S&P 500 rose 1.97%. However, for the week, the Nasdaq declined 1.84%, and the S&P 500 edged down 0.1%.

Market Performance Diverges

Despite the broad rally on Friday, weekly performances across indexes showed notable divergence. The Dow’s strong momentum continued, while the Nasdaq and S&P 500 faced minor declines, reflecting underlying market uncertainty.

Investor confidence in the economic outlook and solid corporate earnings provided support. However, weakness in tech stocks weighed on the Nasdaq, with markets still monitoring potential moves from the Federal Reserve.