Dow Hits 50000
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Bitcoin broke back above $70,000 on Friday after sinking below $61,000 Thursday night, while software stocks such as Salesforce finished higher. Overall, the iShares Expanded Tech-Software Sector ETF (IGV) jumped 3.5%, marking the fund’s first day of gains since the end of last month, when it entered bear market territory.
The Dow Jones Industrial Average surged 1,100 points and topped 50,000 for the first time as the U.S. stock market stormed back to recover much of its losses from earlier in the week. The Dow jumped 2.