DOW 50,000! New Gilded Age. Big Tech goes on a $600 billion AI spending splurge
Stocks surged on Friday as technology stocks recovered following several days of heavy selling in the sector and bitcoin rebounded following a rout that took the popular cryptocurrency down more than 50% at one point. The Dow Jones Industrial Average advanced 1,104 points, or 2.3%, exceeding the 50,000 level for the first time ever and …
