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Home » Dow Jones hits 50,000 milestone amid tech gains and hopes of lower interest rates

Dow Jones hits 50,000 milestone amid tech gains and hopes of lower interest rates

The Guardian by The Guardian
57 minutes ago
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The Dow Jones industrial average crossed 50,000 for the first time, as ballooning tech valuations, robust corporate earnings and hopes of lower interest rates drive it to new highs. Chart of the Dow Jones Industrial Average’s performance over the past year Leading stock markets on Wall Street came under pressure earlier this week as technology stocks fell amid scrutiny of extraordinary levels of investment into artificial intelligence. Cryptocurrencies including bitcoin have also suffered sharp falls in recent days, although they recovered some lost ground on Friday. But US equities have been rallying for months as investors largely shrugged off geopolitical

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