Overview
- The Dow surged 1,206.95 points, or 2.47%, to 50,115.67, after topping 50,000 intraday for the first time.
- Recently battered technology and AI shares led the advance, with Nvidia up nearly 8% and gains in Microsoft, Caterpillar and Goldman Sachs.
- Traders pointed to growing confidence that the Federal Reserve will continue cutting interest rates as a key support for equities.
- President Trump posted a congratulatory message within minutes of the threshold being cleared, spotlighting the milestone on social media.
- Japan’s Nikkei set a record intraday high above 57,000 as the U.S. rally and the LDP’s decisive lower-house win boosted risk appetite, with TOPIX also hitting an intraday peak.