Dow closes above 50,000 for first time

The Dow Jones Industrial Average closed above 50,000 points for the first time on Friday as stocks rallied in response to a rout in tech shares earlier in the week.

The closely watched index rose above 50,000 for the first time after 2 p.m. during Friday's trading session, advancing 1,206.95 points, or 2.47%, to close at 50,115.67.

The S&P 500 and Nasdaq Composite also closed in the green, up 1.97% and 2.18%, respectively.

President Donald Trump celebrated the news in a Truth Social post on Friday afternoon.