economy
February 7, 2026
Dow crosses 50,000 for first time as stocks enjoy strongest day since May 2025
February 6, 2026 / 6:23 PM EST / CBS/AP
TL;DR
- The S&P 500 rallied 2%, the Dow Jones Industrial Average rose 2.5% to surpass 50,000 for the first time, and the Nasdaq composite climbed 2.2%.
- Technology stocks, particularly chipmakers, drove the rally, with Nvidia and Broadcom showing significant gains.
- Bitcoin stabilized, recovering above $70,000 after a substantial plunge.
- Encouraging consumer sentiment data from the University of Michigan contributed to market optimism.
- Airline stocks strengthened as improved consumer confidence suggested increased spending on travel.
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