Dow breaks 50,000 for first time, as US stocks rally

South China Morning PostEN 1 min read 100% complete by Associated PressFebruary 7, 2026 at 12:32 AM

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On Friday, US stocks experienced a significant rally, with the Dow Jones Industrial Average surpassing 50,000 for the first time. The S&P 500 had its best day since May, increasing by 2%, while the Nasdaq composite rose by 2.2%. Chip companies, particularly Nvidia and Broadcom, led the surge, fueled by optimism surrounding continued investment in artificial intelligence. Despite the overall positive trend, Amazon's stock declined due to concerns about whether AI investments will generate sufficient profits. The market rebound followed earlier losses in the week and a stabilization in the price of Bitcoin.

Key Entities & Roles

Key Player Opposition Context

Alphabet 50% Andy Jassy 60% Broadcom 60% Amazon ×270% Nvidia 70% United States 70% Nasdaq 70% S&P 500 ×280% Dow Jones Industrial Average 90%

Keywords

artificial intelligence 80% ai technology 80% investments in ai 80% bitcoin 70% spending on ai 70% dow jones 60% chip companies 60% s&p 500 50% nasdaq 50%