The Daily Editor

A renewed wave of dip buying powered the best day for stocks since May in the wake of a tech rout fueled by worries over the billions of dollars being thrown at artificial-intelligence development.

Bitcoin jumped after a 50% tumble from its peak. Silver and gold also bounced.

Following a plunge in some of Wall Street’s most-crowded trades,

 » Read more about: Stocks roar back from AI-selloff as Dow Jones tops 50,000 for the first time  »

 » Read more about: Dow Jones stock market hits new record and crosses 50,000 points for the first time  »

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 » Read more about: Sponsor spotlight: Local business owners — don’t overlook retirement plans  »

 » Read more about: Retirement savings 'lost and found' helps retirees track down old 401(k)s, pensions — how it works  »

Are investors already getting weary of tech’s golden goose, artificial intelligence?

On Friday, tech stocks took a hit on Wall Street, and the underlying cause seems to be alarm over record AI infrastructure spending. Microsoft, Amazon, Alphabet, Nvidia, Amazon, Meta, and Oracle were among just some of the companies whose falling shares accounted for $1 trillion in losses from Big Tech stocks,

 » Read more about: AI bubble watch: Spooked market sparks $1 trillion Friday tech sell-off  »

 » Read more about: The Dow just hit 50,000. See the names that have come and gone over the decades  »

The Dow just hit 50,000 points for the first time ever.

The blue-chip index on Friday surged 1,097 points, or 2.24%, and climbed above 50,000 points during trading. It’s the first time the 129-year-old index has crossed the historic 50,000-point milestone.

 » Read more about: Stocks hit historic milestone as Dow crosses 50,000 points for first time ever  »

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

 » Read more about: Dow hits 50,000 for first time  »

The Dow Jones Industrial Average crossed 50,000 for the first time ever on Friday.

A surge in markets reversed a selloff that hammered tech stocks earlier in the week.

The Dow soared 1,090 points, or 2.2%, while the S&P 500 climbed 1.7%. The tech-heavy Nasdaq increased 1.8%.

 » Read more about: Dow crosses 50,000 for the first time ever  »

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NEW YORK – The U.S. stock market roared back on Friday.

Dow Jones hits record

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By the numbers:

The S&P 500 jumped 1.7% Friday and was heading toward its best day since May. 

 » Read more about: Dow Jones hits record 50,000 points for first time: What to know  »